Power Mech wins Rs 549.37 crore O&M order from Moxie Power
In short
Power Mech Projects got a Rs 549.37 crore operation and maintenance order from Moxie Power Generation for the 2x600 MW Tuticorin thermal power plant. The contract lasts 60 months and is set to start on October 1.
The deal gave the stock a boost of about 4%. The reporting does not say more about profit, margins, or the full project terms.
What the reporting says
Power Mech Projects secured a Rs 549.37-crore operation and maintenance order from Moxie Power Generation for the 2x600 MW Tuticorin thermal power plant, with the contract spanning 60 months. The publisher summary says the project will begin on October 1. The immediate market reaction was a share gain of about 4%, while the reporting does not state the full commercial terms beyond the contract value and duration.
Why it matters
Power Mech Projects secured a large O&M contract from Moxie Power Generation for the Tuticorin plant, a five-year deal worth Rs 549.37 crore. The order ties the company to ongoing services at the 2x600 MW facility and was followed by a share-price rise. What is not stated is the detailed scope beyond O&M, the profitability of the contract, or any broader pipeline impact.