Power Mech Projects Surges 5% on Fresh Rs 109 Crore Order Win From Hindustan Zinc

Synopsis: Power Mech wins ₹109 Cr order from Hindustan Zinc to run 91.5 MW power plant for 48 months. Second big contract in 15 days; total new business hits ₹818 Cr.

Power Mech Projects Ltd has secured a fresh ₹109.22 crore order from Hindustan Zinc Limited. The contract covers full operation and maintenance of a 91.5 MW Captive Power Plant. It also includes managing the transmission line up to the MRSS. The work spans 48 months. This win adds strong momentum to the company’s already busy order book.

Power Mech Projects Limited’s stock, with a market capitalisation of Rs. 5,819 crores, rose Rs. 1,843, up 6.36 percent percent from its previous closing price of Rs. 1,732.80. Furthermore, the stock over the past year has given a negative return of 31.4 percent

A Sprint Like No Other

The company first bagged a ₹709 crore order on March 16. Then, just 15 days later, it closed this ₹109 crore deal. Together, the two wins total ₹818 crore in fresh business. That is a remarkable pace by any measure in the infrastructure space.

Hindustan Zinc Limited has handed Power Mech a meaty operations contract. The company will run and maintain the 91.5 MW power plant as an independent contractor. The project is entirely domestic. Notably, the order carries no related-party interest from promoters.

Why Investors Are Paying Attention

Moreover, this deal reflects growing investor appetite for infrastructure plays. Power Mech is emerging as a go-to name for high-value domestic power projects. The steady flow of orders strengthens revenue visibility for FY26-27. As a result, analysts expect healthy operating margins to follow.

Furthermore, this surge fits a broader trend of rising capital expenditure in India’s power sector. Companies with strong execution records are winning large contracts fast. Power Mech clearly sits in that bracket. With over ₹800 crore secured in a fortnight, the company’s order book looks stronger than ever heading into the new financial year.

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