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Power Mech Secures Rs 327 Crore Order From Vedanta Aluminium Despite Stock Slump
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CNBC TV18•19-10-2026, 13:30
Power Mech Secures Rs 327 Crore Order From Vedanta Aluminium Despite Stock Slump
- •Power Mech has secured a major deal worth Rs 327.35 crore from Vedanta Aluminium Metal for end-to-end operation and maintenance services.
- •The project involves managing a 130 MW power plant and a Blowout Preventer of 90 MW at Vedanta Limited in Kalahandi, Lanjigarh, Odisha, with a contract period of 48 months.
- •This follows another significant O&M contract secured by Power Mech from Vedanta Power in early September for a thermal power plant in Chhattisgarh.
- •Despite the positive order announcements, Power Mech shares experienced downward pressure, trading in the red and falling 11 percent over the past year.
Key Questions Answered
Power Mech secured an order worth ₹327.35 crore (excluding GST) from Vedanta Aluminium Metal to provide end-to-end operation and maintenance for a 130 MW unit and a 90 MW Blowout Preventer at a coal-fired cogeneration power plant in Lanjigarh, Odisha, for a period of 48 months.
Following the announcement, Power Mech's shares fell 1% intraday and remained in the red, trading at ₹2,364.20 per share, which is 21.39% below its 52-week high.
In early September, Power Mech secured a ₹970 crore Operations and Maintenance contract from Vedanta Power for its 2x600 MW Sakti Thermal Power Plant in Chhattisgarh.
