Power Mech secures Rs 551 crore O&M contracts for two thermal plants

Power Mech Projects Limited has announced two new operations and maintenance (O&M) contracts worth a total of Rs 551.35 crores for thermal power projects in Bihar and Madhya Pradesh, according to a filing with stock exchanges.

The first order, valued at Rs 498.39 crores (excluding taxes and GST), has been awarded by SJVN Thermal Private Limited. It covers commissioning support and comprehensive O&M for the 2×660 MW Buxar Thermal Power Project in Chausa, Bihar. The contract is scheduled to run for 39 months.

The second order, worth Rs 52.96 crores (excluding taxes and GST), was awarded by Jhabua Power Limited, a joint venture of NTPC Limited. It involves the O&M of boiler, turbine, and generator systems for the 1×600 MW unit located in Seoni district, Madhya Pradesh. The contract will run for three years, with a provision for a one-year extension.