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Power Mech Projects Wins New Orders Worth Rs 723.90cr

Power Mech Projects has bagged two contracts worth Rs 723.90 crore, and out of these, one contract is from Raichur Power Corporation (RPCL) for operation and maintenance (O&M) work at Chikkasugur in Raichur district of Karnataka.

 

The O&M work has been awarded for 2x800 MW coal-based Yeramarus Thermal Power Station (YTPS) in the state. The contract is estimated to cost Rs 158.67 crore and expected to be completed in 36 months.

 

Secondly, Madhya Pradesh State Mining Corporation (MSMCL) has awarded a contract to the consortium of Power Mech and Purvottar Mining & Trading as mine developer-cum-operator (MDO) for sand mining. It will come up in the areas of Narmadapuram -2, Raisen and Narasingpur in the Madhya Pradesh.

 

The order, worth Rs 565.23 crore is expected to be implemented in a span of three years. In addition, special purpose vehicles (SPVs) will be formed for executing these contracts.

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