IFIN

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Company News Details

Power Mech Projects Ltd

Industry : Engineering - Turnkey Services

BSE Code

ISIN Demat

Book Value()

539302

INE211R01019

665.8960172

NSE Symbol

P/E(TTM)

Mar.Cap( Cr.)

POWERMECH

34.68

10422.15

EPS(TTM)

Face Value()

Div & Yield %

95.06

0.04

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Power Mech Projects Ltd

Power Mech Projects gains on securing Rs 159-cr solar orders from BSPGCL

Jun 27,2025

The projects, awarded under the RESCO (Renewable Energy Service Company) model, aim to solarize agricultural and mixed-load feeders across various substations in Bihar.

These projects will have a total installed capacity of 13.66 MW (AC) and will generate revenue through a 25-year power purchase agreement (PPA) with Bihar distribution companies NBPDCL and SBPDCL. The execution is set to be completed within 12 months.

The contracts cover three main locations: Rajoun, with a capacity of 4.221 MW valued at Rs 48.29 crore; Sakahara, with 4.285 MW worth Rs 49.02 crore; and Sambhuganj, the largest, with 5.155 MW valued at Rs 61.78 crore. Each project will receive a central government subsidy of Rs 1.05 crore per MW, plus an additional Rs 0.45 crore per MW from the Bihar government.

The scope of work includes the design, supply, installation, testing, commissioning, and long-term operation and maintenance of the solar power plants, along with related transmission infrastructure.

Hyderabad-based Power Mech Projects is one of the leading infrastructure construction companies.

The company’s consolidated net profit advanced 53.8% to Rs 129.79 crore on a 42.4% rise in revenue from operations to Rs 1,853.28 crore in Q4 FY25 over Q4 FY24.

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Sr No	Start Date	Department	Tender Details	Status
1	01-04-2025	IA	REQUEST FOR PROPOSAL FOR APPOINTMENT OF CONCURRENT INTERNAL AUDITORS FOR PERIOD APRIL 2025 – MARCH 2026
2	01-04-2025	IA	REQUEST FOR PROPOSAL FOR APPOINTMENT OF INTERNAL AUDITORS FOR PERIOD APRIL 2025 – MARCH 2026 - IFCI
3	24-04-2025	IT	RFP for Services of IT Infrastructure Shifting & Configuration	Closed
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4	18-02-2025	IT	RFP for Procurement of HP Hard Disk	Closed
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5	18-02-2025	IT	RFP for Procurement of HP Server	Closed
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6	07-12-2024	Administration	RFP for office premises on lease at Chennai	Closed
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8	10-06-2024	IA	RFP for appointment of internal auditors and Concurrent Audit for period April 2024 – March 2025	Active upto 21/06/2024 end of the day
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11	28-10-2024	IT	RFP for Procurement of Firewall	Closed
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12	12-07-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch
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16	15-06-2023	IT	RFP for AMC of 30KVA Online UPS system	Closed
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17	30-05-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch	Cancelled
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18	24-05-2023	ADMIN	RFP for Premises on Lease for Salem Branch	Closed
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20	25-04-2023	CS	Extension Of RFP for Seeking Quotations for Secretarial Audit Of IFIN Group for FY 2022-2023	Cancelled
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21	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024	Closed
22	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024 for operations, accounts and control related activities.	Closed
23	24-04-2023	CS	RFP PCS Empannelment for ROC filing 2022-23	Closed
24	24-04-2023	IA	RFP For Appointment Of Internal Auditor iCOM 23-24	Closed
25	14-03-2023	IA	RFP for appointment of internal auditor in the iCOM	Closed
26	25-04-2023	CS	RFP For Secretarial Audit 22-23	Closed