Power Mech Projects soars on securing Rs 296 crore Mumbai Monorail O&M contract
The company will undertake comprehensive O&M services which include operating new advanced rolling stock and the new and upgraded CBTC signaling system
Power Mech Projects is currently trading at Rs. 2262.40, up by 179.80 points or 8.63% from its previous closing of Rs. 2082.60 on the BSE.
The scrip opened at Rs. 2090.65 and has touched a high and low of Rs. 2266.95 and Rs. 2090.65 respectively. So far 10743 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3415.45 on 10-Jul-2025 and a 52 week low of Rs. 1718.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 2119.50 and Rs. 1835.00 respectively. The current market cap of the company is Rs. 7152.87 crore.
The promoters holding in the company stood at 58.42%, while Institutions and Non-Institutions held 26.65% and 14.93% respectively.
Power Mech Projects has secured an Operations & Maintenance (O&M) contract from Maha Mumbai Metro Operation Corporation (MMMOCL) for the Mumbai Monorail. The contract covers O&M of the 19.54 Km route and 17 stations, from Sant Gadge Maharaj Chowk to Chembur in Mumbai for a period of 5 years. The award represents a total contract value of Rs 296 crore (excluding GST).
The Mumbai Monorail, in service since 2014, is India’s only straddle monorail system. Under this contract, the company will undertake comprehensive O&M services which include operating new advanced rolling stock and the new and upgraded Communication Based Train Control (CBTC) signaling system.
Power Mech Projects is an integrated power infrastructure services company. The company's operations include three business lines: Erection Works, Operation & Maintenance (O&M) Services and Civil Works.

