Power Mech Projects' Saudi arm won a Rs 387 crore firm contract, up to about Rs 492 crore with options, on the Rabigh 2 IPP expansion.

Orders · Finvezto · 6 Nov 2026 · Power Mech Projects (POWERMECH)

What happened

Power Mech Projects Limited subsidiary Power Mech Arabia Contracting Company has secured an international contract worth Rs 492 crore (excluding taxes) from a joint venture of Elsewedy Electric Power Systems Projects and Sinohydro Corporation. Source: NSE filing

The 20-month erection contract for the Rabigh 2 IPP Expansion Project is effective from January 1, 2027, comprising main work of Rs 386.87 crore and optional work of Rs 105.13 crore. Source: NSE filing

Key numbers

• Total contract value (excluding taxes): ₹492 Cr
• Optional work (excluding taxes): ₹105 Cr

Why it matters

Anand Ganapathy K: The erection scope covers three heat recovery steam generators, a steam turbine and combined-cycle piping, over 20 months from 1 January 2027. Source: Stock note

Links

NSE filing (PDF) · Company page

Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.