Power Mech wins ₹320 crore Vedanta maintenance order
In short
Power Mech won a ₹320 crore order from Vedanta Aluminium. The work is for operation and maintenance at a coal-fired cogeneration power plant in Kalahandi, Lanjigarh, Odisha. The summary says it covers 130 MW and a Blowout Preventer of 90 MW.
This matters because it adds business for Power Mech and shows more industrial maintenance work at Vedanta’s site. The source does not say when the work starts, how long it lasts, or why the shares were under pressure.
What the reporting says
Power Mech received a ₹320 crore order from Vedanta Aluminium for operation and maintenance work at the coal-fired cogeneration power plant in Kalahandi, Lanjigarh, Odisha. The publisher summary says the job covers 130 MW across two 50 MW units and one 30 MW unit, plus maintenance of a Blowout Preventer of 90 MW. The immediate market reaction in the headline was pressure on the shares, but that price move is not detailed in the source text.
Why it matters
Power Mech received a ₹320 crore order tied to Vedanta Limited’s coal-fired cogeneration power plant in Kalahandi, Lanjigarh, Odisha. The publisher summary says the scope includes end-to-end operation and maintenance for 130 MW and maintenance of a Blowout Preventer of 90 MW. The reporting does not state timing, contract duration, or financial impact beyond the order size. The headline also mentions share pressure, but no price data is provided.