Power Mech Projects shares rise 4% after company secures Rs 549 crore order from Adani Group firm
A order wins & contracts development with market-wide reach.
30 Sept 2026 · ET Stocks, Economic Times Markets
Power Mech Projects shares gained after securing a Rs 549.37-crore O&M order from Moxie Power Generation for its 2x600 MW Tuticorin thermal power plant, with the contract spanning five years.
The analysis
A large order lengthens revenue visibility, which is what the market pays a premium for in capital-goods and infra names.
Market context
- Sector exposure: Power.
In this story
Related coverage
KP Energy locked at 5% upper circuit on 9-MW wind power project contract
Tata Motors PV, Maruti Suzuki, Ashok Leyland, auto stocks drop up to 3% as RBI signals rate cuts are ‘off the table’
Air Power And International Camaraderie In Action: Indian Air Force Shares Tarang Shakti Exercise Video
Tata Sierra vs Kia Seltos: One SUV claims 21.26 kmpl, but there’s a twist
Adani Power gains 2% after signing pact for 770-MW hydropower project in Bhutan