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The scope of the order includes execution of civil works and erection of prefabricated structural steel for BTG Units 1 & 2, including the main powerhouse, central control building, ESP, FGD and limestone handling system, switchyard, and various ancillary works for the Mahan Phase-III (2 x 800 MW) project located in Singrauli, Madhya Pradesh.
The order is domestic in nature and is expected to be completed within 30 months from the date of issuance of the Notice to Proceed.
Power Mech confirmed that there is no promoter or group company interest in the awarding entity and that the order does not fall under related party transactions.
Hyderabad-based Power Mech Projects is one of the leading infrastructure construction companies.
The company reported a 30.5% surge in consolidated net profit to Rs 80.55 crore, while revenue from operations rose 28.4% to Rs 1,293.41 crore in Q1 FY26 over Q1 FY25.
Shares of Power Mech Projects fell 1.57% to Rs 3071 on the BSE.
Total expenses rose 25.91% year-on-year to Rs 1,168.27 crore during the quarter. The cost of materials consumed was Rs 104.21 crore (down 30.3% YoY), contract execution expenses stood at Rs 820.47 crore (up 43.1% YoY), and employee benefit expenses were at Rs 170.88 crore (up 12.7% YoY) during the period under review.
Meanwhile, the company’s board has approved the reappointment of Kishore Babu Sajja as managing director for another five-year term, beginning April 1, 2026, also subject to shareholder approval.