Power Mech Projects wins ₹1,009-crore JSW order

Stock jumps on large thermal power contract

Shares of Power Mech Projects moved sharply higher in early deals after the company disclosed a large civil construction order from JSW Thermal Energy Limited. The stock was reported up about 6% in early trade. In one update, the share price rose 5.92% to ₹3,008 versus the previous close of ₹2,840.50. Another trading update said the stock climbed 3.59% to ₹2,941.80 during Monday’s session after the order announcement. The price action kept the stock in focus as investors reacted to the size of the contract and the multi-year execution timeline.

What the company has won

Power Mech Projects said it has received an order valued at ₹1,008.90 crore (inclusive of GST) from JSW Thermal Energy Limited. Some reports rounded the order size to ₹1,009 crore. The scope includes civil and structural works for the Boiler, Turbine and Generator (BTG) area of a 2x800 MW thermal power project at Salboni, West Bengal. Another description of the scope referred to civil and structural work for the Balance of Plant (BOP) area, but the core disclosure consistently links the contract to execution packages within the same 2x800 MW Salboni thermal project. The order was described as being awarded by a domestic entity.

Timeline: 36-month execution window

The company indicated that the contract is to be executed within 36 months from the effective date or the date of commencement of works, as applicable. The 36-month timeline was repeated across multiple reports covering the announcement. This makes the order a three-year execution project, with revenue recognition typically linked to progress on site, milestones, and billing schedules. The market’s immediate response suggests investors are focusing on the longer visibility that accompanies a multi-year infrastructure contract.

Regulatory filing and disclosures

Power Mech Projects communicated the development through a regulatory filing dated June 20. The filing also stated that neither the promoters nor promoter group entities have any interest in JSW Thermal Energy Limited. The company further clarified that the transaction does not fall under related-party transactions. These disclosures are relevant for governance scrutiny, particularly when large EPC and civil contracts are announced, because investors often seek clarity on counterparties and any potential conflicts.

Why the order matters for the EPC order book

The order size, at about ₹1,008.90 crore, is meaningful for a civil and structural contractor working in the power infrastructure and EPC segment. Reports covering the announcement said the development strengthens the company’s order book and supports revenue visibility over the next three years. The contract also reinforces Power Mech Projects’ presence in thermal power project execution, a segment where timelines, compliance requirements, and coordination with multiple packages can influence project delivery.

Stock moves and key trading levels cited

Alongside the order details, multiple market datapoints were reported around the stock. The share was cited as having closed at ₹2,840.50 in the previous trading session, up ₹27.55 or 0.98%. One report also noted the stock was trading 16.83% below its 52-week high and 65.34% above its 52-week low. Weekly momentum was described as positive, with the stock advancing 1.8%, 7.2%, and 4% over the past three weeks, extending a third consecutive weekly winning streak.

Longer-term returns and recent swings

Power Mech Projects has been described as delivering strong longer-term shareholder returns. One report said the stock rallied around 45% over the past three months and about 726% over the last five years. Another set of figures cited 44.51% returns over three months, 727.70% over five years, and 919.56% over ten years. The stock’s 52-week levels were also reported: a high of ₹3,415.45 (dated July 10, 2025) and a low of ₹1,718.00 (dated March 30, 2026). These data points underline that while the stock has compounded strongly over longer periods, it has also seen notable drawdowns within the last year.

Market capitalisation snapshots reported

Market capitalisation was reported at different points along with price moves. In early deals, the market cap was stated to have risen to ₹9,271 crore alongside the jump to around ₹3,008. Another snapshot reported a market cap of ₹8,980.61 crore when the stock was around ₹2,840.50. Such differences can reflect price changes across sessions and the timing of data capture by different market updates.

Key facts at a glance

Stock data points reported around the announcement

Conclusion

Power Mech Projects’ ₹1,008.90-crore order from JSW Thermal Energy for the Salboni 2x800 MW thermal project is a significant civil and structural package with a 36-month execution window. The company’s governance disclosures on promoter interest and related-party status added clarity alongside the order announcement. With the stock reacting immediately and several market metrics highlighted around the event, the next focus for investors is likely to remain on execution progress and subsequent updates linked to commencement and project milestones.