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EnergyMedium impactAfter close

Power Mech Projects order book declines by ₹1,563 cr

after close1 source ↓written by the desknot a recommendation

project was rescinded
250 MW/1000 MWh battery storage
was rescinded
25 Mar 2026

Power Mech Projects reported a reduction of ₹1,563 cr in its order book following the annulment of a tender by WBSEDCL. The tender for a 250 MW/1000 MWh battery storage project was rescinded on 25 Mar 2026, impacting PM Green Private Limited, a subsidiary of the company.

This cancellation may affect investor sentiment and future project pipeline for Power Mech.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 26 Mar 2026, 16:14 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

POWERMECH closed −4.9% on the day of the news, from ₹1,918.00 to ₹1,823.20; Nifty −2.1% over the same session.

Bulletin at 16:14 IST on 26 Mar 2026. Every change is measured from ₹1,918.00, the last close before it, on 25 Mar. Nifty 50 is measured over the same sessions.

  • POWERMECH close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
POWERMECH closes around the bulletin against the close before the news, with Nifty 50 rebased to it168419942305axis spans 37%before the news · 25 Mar1918Nifty 50POWERMECHbulletinD0+1+3+519 Mar2 Apr15 AprReference close ₹1,918.00. 16 sessions from 19 Mar to 15 Apr; the price axis spans 37 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before25 Mar₹1,918.00basebase
On the day27 Mar₹1,823.20▼ −4.9%▼ −2.1%−2.9 pp difference
+1 session30 Mar₹1,732.80▼ −9.7%▼ −4.2%−5.5 pp difference
+3 sessions2 Apr₹1,893.40▼ −1.3%▼ −2.5%+1.3 pp difference
+5 sessions7 Apr₹1,948.00▲ +1.6%▼ −0.8%+2.3 pp difference
Gap at the open, % · ₹
▼ −0.9%−18.03 on 27 Mar
Day's range, % · ₹
4.9%≈ 94 high to low
Volume on the day
1.75×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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