The first order was received from Meenakshi Energy for a consideration of Rs 674.81 crore. The contract involves revival & operations and maintenance (O&M) services at coal fired power plant consisting of 2x150 MW (Phase-1) and 2x350 MW (Phase-2) sub-critical units located at village-Thamminapatnam, district Tirupati, Andhra Pradesh. The order is to be executed within five years.

Subsequently, the company bagged another order worth Rs 1,517.60 crore from Directorate of Geology and Mining, Dehradun, Utlarakhand. The firm said that it will pay Rs 303.52 cores per annum for a period of five years.

The scope of the project entails collection/ recovery of royalty/dead rent for the approved mining leases/mining permits and applied/ identified vacant minor minerals, mining lots(after approval) of sand, gravel, boulder(RBM) located in the river bed of Dehradun, Haridwar,Udhamsingh Nagar and Nainital Districts.

Hyderabad-based Power Mech Projects is one of the leading infrastructure-construction companies.

The company’s consolidated net profit rose 17.05% to Rs 51.27 crore on 20.89% increase in revenue to Rs 932.49 crore in Q2 FY24 over Q2 FY23.