This order is organized under the build-own-operate (BOO) framework, featuring a 100% off-take guarantee from WBSEDCL. Furthermore, a greenshoe option for an additional 250 MW/1,000 MWh is provided for the Durgapur Project Ltd (DPL) campus in Durgapur, West Bengal. The total order value, including the greenshoe option, amounts to ₹3,126 crore, excluding GST.
The project scope involves design, financing, engineering, procurement, construction, operation, and maintenance of the BESS facilities at both locations. The project is planned for commissioning within 18 months from the signing of the Battery Energy Storage Purchase Agreement (BESPA), followed by an operational and maintenance period of 180 months.
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This order was awarded by WBSEDCL, a domestic entity, and is not categorized as a related party transaction. The company has confirmed that neither the promoters nor group companies have any stake in WBSEDCL.
Second Quarter Results
Power Mech Projects reported an 11.7% year-on-year increase in net profit, reaching ₹74.92 crore for the quarter ending September 2025, compared to ₹67.07 crore in the same period last year.
Revenue grew by 19.5% year-on-year, rising to ₹1,237.8 crore from ₹1,035.4 crore in Q2 FY25. EBITDA surged by 19% to ₹147.02 crore, up from ₹123.56 crore in the previous year’s quarter. The company’s operating margin was 11.88% for the quarter, a slight decline from 11.94% in the same period last year.
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Shares of Power Mech Projects Ltd closed at ₹2,353.00, down by ₹44.00, or 1.84%, on the BSE.
