Power Mech Projects secures Saudi Arabia order

Power Mech Projects’ Saudi Arabian subsidiary, Power Mech Arabia Contracting Company, secured an international contract worth approximately ₹492 crore from a joint venture of Elsewedy Electric Power Systems Projects and Sinohydro Corporation. The order covers erection works for steam generators, a steam turbine and balance-of-plant piping at the Rabigh 2 IPP Expansion Project in Saudi Arabia.

The contract is valued at USD 52.12 million, excluding taxes, and is scheduled for execution over 20 months from 1 Jan 2027. The scope places the company in the mechanical and power-infrastructure execution segment, with the work focused on installation rather than equipment supply. ⚡ The international award adds a defined project pipeline for the company’s overseas operations and provides visibility on activity extending into 2027 and 2028.

OI Charts data showed the stock at ₹2,272 on 5 Nov 2026, up 1.1% for the session, with volume of 37,084. The stock had gained 3.7% over five sessions but remained down 6.5% over 20 sessions. Its 52-week range was ₹1,718 on 30 Mar 2026 to ₹3,008 on 22 Jun 2026. 📈

For infrastructure and engineering participants, the key variables are project mobilisation, execution progress and conversion of the awarded scope into revenue over the 20-month schedule. The contract’s size is disclosed excluding taxes, so the reported value should be read on that basis. The next market focus is likely to be the commencement of work from 1 Jan 2027, subsequent project updates and evidence of execution in the company’s financial disclosures. 🏗️

This order follows the company’s ongoing participation in international power-infrastructure projects and expands its disclosed Saudi Arabian execution pipeline. No additional order-book or margin figure was provided in the cited report.

Source: Sahi, 06 Nov 2026

Not investment advice. For informational purposes only.