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Business
Power Mech Projects shares rise 3% after winning Rs 279 crore order from Telangana Power Generation Corp
✍️ The Economic Times
🗓 29 Sep 2026, 03:38 PM
👁 11
Power Mech Projects Ltd's shares jumped 3% on the BSE after the firm landed a Rs 279 crore contract from Telangana Power Generation Corporation.
Power Mech Projects Ltd, a Delhi-based engineering and construction firm, saw its stock price climb about 3% on the Bombay Stock Exchange following the announcement of a new order worth Rs 279 crore. The contract has been awarded by Telangana Power Generation Corporation (TSGENCO), the state utility responsible for power generation projects.
The order is expected to involve the design, supply and installation of equipment for upcoming thermal power plants in Telangana, though the exact scope was not disclosed in the brief statement. Analysts noted that the deal could bolster the company's order book and improve its revenue outlook for the current fiscal year.
Investors reacted positively, pushing the share price higher during intra‑day trading. The company did not provide further details on project timelines or financial impact beyond the order value.
The development underscores the continued interest of private engineering firms in the expanding power infrastructure sector of southern India, where state utilities are seeking to augment capacity to meet growing demand.
Power Mech Projects has previously executed projects for other state utilities, and the new contract adds to its portfolio of large‑scale power generation assignments.
The order is expected to involve the design, supply and installation of equipment for upcoming thermal power plants in Telangana, though the exact scope was not disclosed in the brief statement. Analysts noted that the deal could bolster the company's order book and improve its revenue outlook for the current fiscal year.
Investors reacted positively, pushing the share price higher during intra‑day trading. The company did not provide further details on project timelines or financial impact beyond the order value.
The development underscores the continued interest of private engineering firms in the expanding power infrastructure sector of southern India, where state utilities are seeking to augment capacity to meet growing demand.
Power Mech Projects has previously executed projects for other state utilities, and the new contract adds to its portfolio of large‑scale power generation assignments.