Power Mech Projects shares climbed as much as 5.7% to an intraday high of ₹2,535 per unit on the National Stock Exchange on Wednesday, 29 September, after the company announced it had secured a ₹549.37 crore operation and maintenance order from Adani Group’s Moxie Power Generation Ltd. The contract, valued at ₹549.37 crore, covers complete operation and maintenance services at the two times six hundred MW Moxie Power Generation Ltd. Tuticorin TPP and is set to run for five years, from 1 October 2026 to 30 September 2031.

The scope of work, as disclosed in a regulatory filing, involves providing comprehensive operation and maintenance services for the two times six hundred MW Moxie Power Generation Ltd. Tuticorin TPP. The contract period is specified as five years, or 60 months, commencing on 1 October 2026 and concluding on 30 September 2031. This long‑term engagement will cover all mechanical, electrical and civil‑engineering aspects required to keep the plant running efficiently.

In a separate regulatory filing dated 28 September, Power Mech Projects announced it had won an operations and maintenance order worth ₹279.20 crore from Telangana Power Generation Corporation Ltd. The three‑year contract, effective from the date of the letter of intent, covers a comprehensive operation and maintenance package for the Ash Handling Plant of Stage‑I (Unit No.1 & 2) and Stage‑II (Unit No.3, 4 & 5) and the complete coal handling plant of YTPS (five times eight hundred MW). Earlier, on 9 September, the company secured a ₹970 crore order from Vedanta Power Ltd. for an end‑to‑end operations and maintenance contract at the two times six hundred MW Sakti Thermal Plant in Chhattisgarh.

Power Mech Projects reported a 51.9% year‑on‑year increase in its consolidated net profit to ₹79.78 crore for the April‑June quarter of the 2026‑27 financial year, compared with ₹52.52 crore in the same period last year. Revenue from operations rose 25.5% YoY to ₹1,623.68 crore during the quarter, versus ₹1,293.41 crore in the first quarter of the 2025‑26 fiscal year. These figures reflect the company’s growing contract portfolio and operational efficiency.

At around 2:37 PM, the scrip stood at ₹2,486 per equity share, marking a 3.70% increase. Shares have gained more than 1% in the past week but lost 1% over the month. On a year‑to‑date basis, they have advanced 9%. The stock hit a 52‑week high of ₹3,007.50 on 22 June 2026 and touched a year’s low of ₹1,717.70 on 30 March 2026. As of 30 September 2026, the company’s market capitalisation was ₹7,847.16 crore according to NSE data.