Power Mech Projects Limited announced that it has secured an order worth ₹370.84 crore from Mahan Energen Limited (MEL), excluding GST and BOCW Cess. The order involves the execution of civil works and erection of prefabricated structural steel for BTG Unit 1 & 2 for Mahan Phase-III (2 x 800 MW) in Singrauli, Madhya Pradesh.
The details of the order, as required under the SEBI Master Circular No. SEBI/HO/CFD/PoD2/ CIR/P/2023/120 dated July 11, 2023, are enclosed as Annexure-I.
| Particulars | Details |
|---|---|
| Name of the entity awarding order(s)/Contract(s) | Mahan Energen Limited (CIN: U40100GJ2005PLC147690) (Formerly Known as Essar Power M P Limited), one of the subsidiaries of Adani Power Limited |
| Significant terms and conditions of order(s)/ contracts(s) awarded in brief | Execution of Civil works and Erection of Prefabricated Structural Steel for BTG Unit 1 & 2 for Mahan Phase-III (2 x 800 MW), Mahan Energen Limited, Singrauli, Madhya Pradesh. |
| Whether order(s)/contract(s) have been awarded by domestic/ international entity | Domestic Entity |
| Nature of order(s)/ Contract(s) | The Scope of works includes Execution of Civil works and Erection of Prefabricated Structural Steel for BTG unit 1&2, Main powerhouse, Central control building, ESP, FGD and limestone handling system, Switch yard etc. including miscellaneous ancillary works for Mahan PH III (2 x 800 MW), Mahan Energen Limited, Singrauli, MP |
| Whether domestic or international | Domestic |
| Time period by which the order(s)/contract(s) is to be executed | 30 Months from the date of issuance of Notice to Proceed |
| Broad consideration or size of the order(s)/contract(s) | ₹370.84 crores (Excluding GST and BOCW Cess) |
| Whether promoter/ promoter group/ group companies have any interest in the entity that awarded the order(s)/contract(s)? if yes, nature of interest and details thereof | No |
| Whether the order(s)/ contract(s) would fall within related party transactions? If yes, whether the same is done at "arm's length" | No |
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