Power Mech Share Price Jumps 4% After Securing Orders from Adani Power Subsidiaries; Check FY26 Order Inflow Target


By Dalal Street Investment Journal (DSIJ)

Summary:


Power Mech Projects rose nearly 4% after securing over ₹1,000 crore in orders from Adani Power subsidiaries. The company is targeting a ₹10,000 crore order inflow in FY26, with year-to-date inflows at ₹6,761 crore across EPC, renewable, and infrastructure segments.

On Wednesday, February 18, 2026, Indian benchmark indices traded largely flat, but stock-specific activity stood out as the broader market indices attracted buying interest. The Nifty Midcap and Nifty Smallcap 100 outperformed the frontline benchmarks, rising 0.27% and 0.45%, respectively.

Amid this broader-market strength, Power Mech Projects’ share price was up nearly 4% on February 18. The stock opened at ₹2,126, slipped to an intraday low of ₹2,101, and then rebounded to an intraday high of ₹2,204.40 on the NSE. The trigger for the move was the company’s disclosure that it has secured large-scale orders aggregating to over ₹1,000 crore (excluding taxes and cess).

Power Mech Projects Ltd

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2178.592.60 (4.43 %)

Updated - 18 February 2026
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Details of orders secured from Adani Power subsidiaries

Power Mech Projects Limited has received two domestic orders from subsidiaries of Adani Power Limited—Mirzapur Thermal Energy (UP) Private Limited and Mahan Energen Limited—taking the combined value to over ₹1,000 crore (excluding GST and other applicable levies).

  • Mirzapur Thermal Energy (UP) Private Limited: Order value of ₹515 crore (excluding GST and other applicable taxes/cess). The scope includes onsite services for Erection, Testing, Commissioning, and manpower assistance for the Performance Guarantee Test of the Steam Generator (SG) and Steam Turbine Generator (STG) (Packages A & B) for Unit 1 and 2 of the 2×800 MW Mirzapur Phase-I Ultra Supercritical Thermal Power Project.

  • Mahan Energen Limited: Order value of ₹490 crore (excluding GST and other applicable taxes/cess). The work scope mirrors the Mirzapur package—Erection, Testing, Commissioning, and manpower assistance for the Performance Guarantee Test of SG and STG (Packages A & B) for Unit 1 and 2 of the 2×800 MW Mahan Phase-III Ultra Supercritical Thermal Power Project.

Both orders are to be executed within 36 months from the required erection start date, as specified in the Notice To Proceed (NTP).

Key development in Q3FY26

During the quarter, the company also secured a major Balance of Plant (BOP) EPC package for the 1×800 MW Singareni Thermal Power Project from BHEL. This is the company’s first EPC contract for BOP, expanding its role from pure execution packages to integrated EPC delivery, supported by its prior experience in BOP erection, commissioning, and O&M.

Company targeting ₹10,000 crore order inflow for FY26

For FY26, the company is targeting ₹10,000 crore of order inflows, supported by a focus on disciplined execution and deeper participation in EPC packages, including BOP and energy infrastructure. FY26 YTD, order inflows stand at a record ₹6,761 crore, including a ₹1,563 crore BOO BESS order and a ₹159 crore solar order, driven by wins across EPC, O&M, and renewable projects.

The order book remains diversified across thermal, civil, solar, and township infrastructure, with marquee clients such as BHEL, Adani Group, SJVN, and TGgenco providing multi-sector visibility.

About Power Mech Projects

Power Mech Projects operates primarily in engineering and construction services focused on the power and infrastructure space, and has diversified across railways, T&D, FGD, mining, steel, refineries, hydro, cross-country pipelines, civil works, and power plant O&M. It has executed projects for clients such as BHEL, NTPC, IPPs, and state generation utilities, and also has an overseas footprint through subsidiaries and joint ventures in the Middle East, South Asia, and Africa.

About the Author

SEBI Registered Research Analyst (INH000006396).


Founded in 1986, Dalal Street Investment Journal (DSIJ) brings decades of experience in India’s equity markets. DSIJ's research combines fundamental analysis with price action, guided by disciplined risk management and capital preservation. They follow a structured, data-driven approach designed to help investors and traders make informed decisions beyond short-term market noise. 

Published Date : 18 Feb 2026

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Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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