Power Mech lands ₹1,008.90 cr JSW thermal plant contract
The order from JSW Group is nearly four times the size of the Adani contract announced last month and boosts the order book substantially.
— 3 earlier stories on Power Mech Projects Ltd. →What's new
- Power Mech wins a ₹1,008.90 crore contract from JSW Thermal Energy for civil/structural works at a 2x800 MW thermal plant in Salboni, West Bengal.
- The order is one of the largest in company history and nearly four times the value of the recently announced Adani contract.
- Execution timeline is 36 months, providing multi-year revenue visibility.
Why this matters
After a 30% cut to MDO guidance in May, this large thermal EPC order from a top-tier counterparty restores confidence. At 11.2% of market cap, it is a material boost to the order book, which stood at roughly ₹1,800 crore.
What we're watching
- Ability to execute within 36 months without margin pressure.
- Further order inflows in the MDO segment, given the earlier guidance cut.
- Impact on earnings from FY28 onwards as this contract ramps up.
The full read
Power Mech Projects has bagged a ₹1,008.90 crore order from JSW Thermal Energy for civil and structural works at a 2x800 MW thermal plant in Salboni, West Bengal. The award is one of the largest single orders in the company's history and nearly four times the size of the Adani contract announced last month. At 11.2% of market cap, the order is quantitatively material for a mid-cap EPC player. It provides 36 months of revenue visibility. The contract comes from a top-tier counterparty and carries no related-party complications. After a 30% cut to MDO guidance in May, this win signals that Power Mech's core thermal EPC franchise remains strong. The open question is whether execution margins hold up over the project lifecycle.
Questions answered
- How does this order compare to Power Mech's recent Adani contract?
- This JSW order is nearly four times larger than the ₹266.26 crore Adani O&M contract announced in early June.
- What is the order book now likely to be?
- Prior to this order, the order book was roughly ₹1,800 crore. Adding ₹1,008.90 crore puts it around ₹2,800 crore, but the exact total is not disclosed.
- What is the significance of the counterparty?
- JSW Group is one of India's largest conglomerates, and the contract is domestic with no related-party element, underscoring market confidence.
- How long will it take to execute?
- The order is scheduled for completion within 36 months from the commencement of work.
Power Mech Projects Ltd.
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All notes on POWERMECH →- 20 Jun 2026 · 5:22 PM IST Power Mech lands ₹1,008.90 cr JSW thermal plant contract
- 17d ago Power Mech lands ₹266 cr Adani contract to run its thermal plant
- 29d ago Power Mech cuts MDO guidance by 30%, misses FY26 order inflow target
- 31d ago Consolidated profit up, standalone flat for Power Mech in FY26