NSEBagging/Receiving of orders/contracts1d ago · 6 Nov 2026, 11:19 am
Bagging/Receiving of orders/contracts
Power Mech Projects Limited · POWERMECH
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Power Mech Projects Limited has informed the Exchange about bagging/receiving of orders/contracts worth USD 52,119,109 (~ INR 492 Crores) for the Rabigh 2 IPP Expansion Project.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Power Mech Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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POWERMECH_06112026111459_DISCLOSURE_.pdf
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Date: November 6, 2026
To To
Listing Department Dept. of Corp. Services
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers
Bandra Kurla Complex, Dalal Street
Bandra (E), Mumbai – 400 051 Mumbai- 400001
Symbol/Security ID: POWERMECH Security Code: 539302
Dear Sir/Madam,
Sub: Bagging of Contract
*****
We are pleased to inform you that Power Mech Arabia Contracting Company, one of the subsidiaries
of Power Mech Projects Limited, incorporated under the laws of Kingdom of Saudi Arabia has
entered into a contract with the Joint Venture of:
(a) the Branch of ELSEWEDY ELECTRIC POWER SYSTEMS PROJECTS, a branch of foreign Company
registered under the laws of Kingdom of Saudi Arabia; and
(b) the Branch of SINOHYDRO CORPORATION LIMITED a branch legally registered in Riyadh City
under the laws of Kingdom of Saudi Arabia.
The details of the same as required under the SEBI Master Circular No.
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are given below:
S. No Particulars Details
A Name of the entity awarding The Joint Venture of the Branch of
Contract(s) “ELSEWEDY ELECTRIC POWER SYSTEMS
PROJECTS” and Branch of “SINOHYDRO
CORPORATION LIMITED”
B Significant terms and conditions of Scope of Work: for Installation of Three (3)
contracts(s) awarded in brief Heat Recovery Steam Generators, One (1)
Steam Turbine for Block 10 and the Balance
of Plant Combined Cycle Piping for Block 20
and Common for the project Rabigh 2 IPP
Expansion Project
Optional Scope: Installation of Balance of
Plant Combined Cycle Piping for Block 10
C Whether contract(s) have been International Entity
awarded by domestic/ international
entity
D Nature of Contract(s) Erection
E Whether domestic or international International
F Time period by which the contract(s) is The Contract Period shall be of 20 Months
to be executed effective from January 1, 2027
G Broad consideration or size of the Main work: USD 40,982,353 equivalent to ~
order(s) INR 386,87 Crores (excluding taxes)
Optional work: USD 11,136,756 equivalent
to ~ INR 105.13 Crores (excluding taxes)
Aggregating to USD 52,119,109 equivalent
to ~ INR 492 Crores* (excluding taxes)
H Whether promoter/ promoter group/
group companies have any interest in
the entity that awarded contract(s)? No
I Whether the contract(s) would fall
within related party transactions? No
*Conversion rate is as per the official website of Reser Bank of India as on closure of 05-11-2026: 1USD = INR 94.4
Kindly take the same on record and acknowledge the receipt.
For Power Mech Projects Limited
M. Raghavendra Prasad
Company Secretary and Compliance Officer