Power Mech secures Rs 109 crore O&M contract from Hindustan Zinc

Power Mech Projects Limited has secured an operations and maintenance (O&M) contract from Hindustan Zinc Limited for a 91.5 MW captive power plant and its transmission line up to the main receiving substation (MRSS). 

The contract is valued at Rs 109.22 crore excluding goods and services tax (GST) and has a tenure of 48 months. Power Mech will execute the work as an independent contractor.

The order follows a series of recent contract wins for the company. In March 2026, Power Mech secured a Rs 709.56 crore O&M contract from Adani Infrastructure Management Services Limited for the 5×660 MW thermal power plant at Tiroda in Maharashtra, covering the period from April 1, 2026 to March 31, 2031. Earlier, the company also received contracts exceeding Rs 1,000 crore from two Adani Power subsidiaries for erection, testing, and commissioning works at ultra-supercritical thermal power projects in Uttar Pradesh and Madhya Pradesh.

The development comes after a setback earlier in March, when West Bengal State Electricity Distribution Company Limited cancelled a 250 MW standalone battery energy storage system (BESS) tender at Goaltore and withdrew a letter of award issued to PM Green Private Limited, a wholly owned subsidiary of Power Mech. The cancellation, attributed to administrative and procedural factors beyond the control of both parties, led to a reduction of Rs 1,563 crore in the company’s order book, with bid security and performance bank guarantees returned in full.

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