Power Mech bags order from Maha Mumbai Metro Operation Corporation

Power Mech Projects Ltd one of the leading industrial engineering, construction and services companies in the Power and Infrastructure sectors, has secured an Operations & Maintenance (O&M) contract from Maha Mumbai Metro Operation Corporation Ltd (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, PMPL 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.

At 12.14 pm, Power Mech Projects Ltd was trading at Rs. 2205.40, up by 5.90%, with a volume of 7110 shares on the BSE.