A Big Win for Power Mech Projects!
Hyderabad-based Power Mech Projects is on a roll! The company just secured a ₹425 crore order from Adani Power for a major power project in Mirzapur, Uttar Pradesh. The work includes civil construction and setting up steel structures for a 2 x 800 MW power plant, to be completed in 30 months.
But that’s not all—Power Mech has also bagged another ₹972 crore deal from the National Highways Authority of India (NHAI) to build a 49 km 4-lane bypass in Jharkhand under the hybrid annuity model. This project has a 24-month deadline.
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Strong Financial Growth
The company’s latest financial results show a 33.4% jump in net profit (₹82.04 crore) and a 20.8% rise in revenue (₹1,337.97 crore) in Q3 FY25 compared to last year. Investors are clearly excited—the stock surged 11.64%, closing at ₹2,718.25 on March 28, 2025.
What’s Next for Power Mech?
With two major contracts and strong financial performance, Power Mech Projects is cementing its position as a leading infrastructure player. The stock’s sharp rise indicates high investor confidence, making it a company to watch!
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