Rs 53,994 crore order book: Solar power plants construction company secures orders worth Rs 159 crore from Bihar State Power Generation Company Ltd
Power Mech Projects Limited has secured significant orders from Bihar State Power Generation Company Limited (BSPGCL) for developing Grid Connected Distributed Solar Power Plants. These projects, part of the PM-KUSUM Component C2 Scheme, involve solarising agricultural and mixed feeders at various power sub-stations across Bihar, operating under the RESCO Mode. With a cumulative capacity of 13.66 MW (AC), the initiative encompasses the design, supply, installation, testing, commissioning, and ongoing operation & maintenance of the solar plants and associated transmission infrastructure. Over a 25-year Power Purchase Agreement (PPA) period, these projects are expected to generate approximately Rs 159 Crores in revenue.
The orders include three specific domestic projects: a 4.221 MW plant at Rajoun (approx. Rs 48.29 Crores), a 4.285 MW plant at Sakahara (approx. Rs 49.02 Crores), and a 5.155 MW plant at Sambhuganj (approx. Rs 61.78 Crores). Each plant has a 25-year PPA tenure and will receive subsidies of Rs 1.05 Cr/MW from the Central Government and Rs 0.45 Cr/MW from the State Government. All three projects are slated for execution within 12 months.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
About the Company
Established in 1999, Power Mech Projects Limited is an engineering and construction company offering comprehensive services for power plants, including building, testing, and maintaining boilers, turbines and generators, civil works, and ongoing operations. Their diverse portfolio encompasses various project scales, from ultra-mega to subcritical power plants, and their expertise extends across eight business units, including industrial services, construction, overseas operations, electrical systems, infrastructure construction, hydropower, manufacturing, and mining.
The company has a market cap of over Rs 10,000 crore and as of March 31, 2025, the company’s order book stands at Rs 53,994 crore. The stock gave multibagger returns of 650 per cent in just 3 years whereas BSE Sensex Index is up by 58 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.