Power Mech Projects secures ₹970 crore, 60-month O&M contract for Vedanta’s Sakti thermal plant
As filed · Power Mech Projects Limited has informed the Exchange about Receiving of orders/contracts
What happened
FactPower Mech Projects received an order from Vedanta Power Limited for end-to-end operations and maintenance at its 2x600 MW coal-based Sakti Thermal Plant in Chhattisgarh. The domestic contract is valued at ₹970 Crores, comprising ₹890 Crore basic value and ₹80 Crore provision for additional services, excluding GST, and is to be executed within 60 Months from issuance of the LOI or order confirmation.
Why it matters
CapitSignal interpretationAn order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
Revisedexpecting maybe by next quarter, INR 100 crore from KBP and 30 crore from KTMPL.
we are expecting two to three more opportunities, maybe another nearly INR 7,500 crore to INR 10,000 crore of opportunities.
Change
FactImplication
CapitSignal interpretationGuidance
DelayedThe company is targeting minimum coal dispatch of 1 million tons during the year with a plan to scale up of operations to 1.5 million tons.
FY27, we will touch around INR 600 to 700 crore between, depends on the scale up of operation, KBP, and the likely uptake of client.
Change
FactImplication
CapitSignal interpretationGuidance
WithdrawnFor the financial year '26, the company has set a revenue target of INR6,500 crores.
Coal production is expected to commence in November '25.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Execution period stated in the order
- Whether the order book total is disclosed
- Margin commentary at the next results
- expecting maybe by next quarter, INR 100 crore from KBP and 30 crore from KTMPL. (management committed by Q4 FY26)
- we are targeting around INR 6,000 crore for this year. (management committed by FY26)
Evidence
- Power Mech Projects Limited has informed the Exchange about Receiving of orders/contracts(opens the original filing in a new tab)
- Earlier statement · Q3 FY26
- Latest statement · Q3 FY26
- Earlier statement · Q2 FY26
- Latest statement · Q3 FY26
- Earlier statement · Q2 FY26
- Latest statement · Q2 FY26
How CapitSignal classified this
- Reasoning:
- The award adds a large, multi-year domestic operations and maintenance contract to Power Mech Projects’ disclosed order intake. The filing states that the award is not a related-party transaction and that the promoter group has no interest in Vedanta Power Limited.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%