/images/ppid_59c68470-image-176789502802119722.webp)
/images/ppid_59c68470-image-176788507399739021.webp)
/images/ppid_59c68470-image-17677050372611974.webp)
What is the story about?
Infrastructure firm Power Mech Projects Ltd on Thursday (January 8) announced that its wholly owned subsidiary, PM Green Private Ltd, has received a major order from West Bengal State Electricity Distribution Company Ltd (WBSEDCL) to set up a 250 MW /1,000 MWh standalone Battery Energy Storage System (BESS) at Goaltore, Paschim Medinipur, West Bengal.
The order is structured under the build-own-operate (BOO) model with a 100% off-take guarantee from WBSEDCL. Additionally, a greenshoe option of 250 MW/1,000 MWh is included for the Durgapur Project Ltd (DPL) campus in Durgapur, West Bengal. The combined order value, including the greenshoe option, is ₹3,126 crore, excluding GST.
The scope of work covers design, finance, engineering, procurement, construction, operation, and maintenance of the BESS facilities at both sites. The project is scheduled for commissioning within 18 months from the signing of the Battery Energy Storage Purchase Agreement (BESPA), followed by an operation and maintenance period of 180 months.
Also Read: Power Mech Project shares extend gains after ₹2,500 crore order win from BHEL
The order has been awarded by a domestic entity, WBSEDCL, and is not classified as a related party transaction. The company confirmed that neither promoters nor group companies hold any interest in WBSEDCL.
Second Quarter Results
Power Mech Projects reported an 11.7% year-on-year increase in net profit at ₹74.92 crore for the quarter ended September 2025, compared with ₹67.07 crore in the same period last year.
Revenue rose 19.5% year-on-year to ₹1,237.8 crore from ₹1,035.4 crore in Q2 FY25. EBITDA increased 19% to ₹147.02 crore from ₹123.56 crore in the year-ago quarter. The company’s operating margin stood at 11.88% for the quarter, slightly lower than 11.94% in the year-ago period.
Also Read:Power Mech Projects bags ₹551 crore orders from SJVN Thermal and Jhabua Power
Shares of Power Mech Projects Ltd ended at ₹2,353.00, down by ₹44.00, or 1.84%, on the BSE.
The order is structured under the build-own-operate (BOO) model with a 100% off-take guarantee from WBSEDCL. Additionally, a greenshoe option of 250 MW/1,000 MWh is included for the Durgapur Project Ltd (DPL) campus in Durgapur, West Bengal. The combined order value, including the greenshoe option, is ₹3,126 crore, excluding GST.
The scope of work covers design, finance, engineering, procurement, construction, operation, and maintenance of the BESS facilities at both sites. The project is scheduled for commissioning within 18 months from the signing of the Battery Energy Storage Purchase Agreement (BESPA), followed by an operation and maintenance period of 180 months.
Also Read: Power Mech Project shares extend gains after ₹2,500 crore order win from BHEL
The order has been awarded by a domestic entity, WBSEDCL, and is not classified as a related party transaction. The company confirmed that neither promoters nor group companies hold any interest in WBSEDCL.
Second Quarter Results
Power Mech Projects reported an 11.7% year-on-year increase in net profit at ₹74.92 crore for the quarter ended September 2025, compared with ₹67.07 crore in the same period last year.
Revenue rose 19.5% year-on-year to ₹1,237.8 crore from ₹1,035.4 crore in Q2 FY25. EBITDA increased 19% to ₹147.02 crore from ₹123.56 crore in the year-ago quarter. The company’s operating margin stood at 11.88% for the quarter, slightly lower than 11.94% in the year-ago period.
Also Read:Power Mech Projects bags ₹551 crore orders from SJVN Thermal and Jhabua Power
Shares of Power Mech Projects Ltd ended at ₹2,353.00, down by ₹44.00, or 1.84%, on the BSE.
/images/ppid_59c68470-image-176788003249224999.webp)
/images/ppid_59c68470-image-176787005546045876.webp)
/images/ppid_59c68470-image-176788757890460636.webp)
/images/ppid_59c68470-image-176779754371484122.webp)
/images/ppid_59c68470-image-176780254074658952.webp)
/images/ppid_59c68470-image-176789257746698915.webp)
/images/ppid_59c68470-image-176788256603097994.webp)
