Power Mech Projects - Operation & Maintenance Scale Up To Aid Margin, Working Capital: Nirmal Bang
Transmission towers stand under construction in India. (Photographer: Dhiraj Singh/Bloomberg)

Power Mech Projects - Operation & Maintenance Scale Up To Aid Margin, Working Capital: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

Power Mech Projects Ltd. has successfully transitioned from a power plant erection, testing and commissioning player to having presence across diverse sectors.

The share of non-power sectors in nine months FY21 order inflow/order backlog stood at 56%/41%, respectively.

Along with attaining sectoral diversification, one of the key business drivers is the rising prospects of a significant scale-up in the operation and maintenance segment.

The company intends to meaningfully increase its O&M order book from the current level of Rs 8.2 billion as on nine months FY21, led by

  1. increasing trend of central/state utilities awarding annual maintenance contracts for thermal power plants to the private sector and
  2. diversification of O&M in the non-power sectors.

Click on the attachment to read the full report:

Nirmal Bang Power Mech Projects - Company Update - 8 March 2021.pdf

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