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Power Mech Projects bags ₹159-crore solar orders in Bihar under PM-KUSUM schemeWith a cumulative capacity of 13.66 MW (AC), the projects are expected to generate revenue through a 25-year power purchase agreement (PPA) with Bihar discoms NBPDCL and SBPDCL. Execution is scheduled within 12 months. Shares of Power Mech Projects Ltd ended at ₹3,142.80, up by ₹44.50, or 1.44%, on the BSE.By Jomy Jos Pullokaran   June 26, 2025, 8:10:39 PM IST (Published)2 Min ReadPower Mech Projects Ltd on Thursday (June 26) said it has secured solar power contracts worth approximately ₹159 crore from Bihar State Power Generation Company Limited (BSPGCL) for setting up grid-connected distributed solar power plants under the PM-KUSUM Component C2 scheme.

The projects, awarded under the RESCO (Renewable Energy Service Company) model, aim to solarise agricultural and mixed-load feeders across various substations in Bihar.

With a cumulative capacity of 13.66 MW (AC), the projects are expected to generate revenue through a 25-year power purchase agreement (PPA) with Bihar discoms NBPDCL and SBPDCL. Execution is scheduled within 12 months.

Also Read: Power Mech Projects Q3 Results: Strong profit, revenue growth but margin dips

The contracts include three specific locations: Rajoun (4.221 MW, ₹48.29 crore), Sakahara (4.285 MW, ₹49.02 crore), and Sambhuganj (5.155 MW, ₹61.78 crore). Each project will receive subsidies of ₹1.05 crore per MW from the central government and ₹0.45 crore per MW from the Bihar government.

The scope of work includes the design, supply, installation, testing, commissioning, and long-term operation and maintenance of the solar plants along with associated transmission infrastructure.

Robust Q4

Power Mech Projects reported a strong set of numbers for the March quarter of FY25, with net profit rising 53.8% year-on-year to ₹129.8 crore, up from ₹84.4 crore a year earlier. The strong bottomline growth was supported by a sharp rise in topline as well as stable operating margins.

Also Read: Power Mech Projects shares surge after winning ₹972 crore project in Telangana

Revenue for the quarter stood at ₹1,853.3 crore, registering a 42.4% jump compared to ₹1,301.5 crore in Q4FY24, reflecting strong execution momentum across key segments. The company also saw a healthy operating performance, with EBITDA rising 44.3% YoY to ₹215.7 crore from ₹149.5 crore in the year-ago period.

Shares of Power Mech Projects Ltd ended at ₹3,142.80, up by ₹44.50, or 1.44%, on the BSE.Continue Reading(Edited by : Shoma Bhattacharjee)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBiharshare market today