Power Mech Projects Limited — Capital/Financing Update 2025

Jan 1, 2025

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Date: January 1, 2025

To To Listing Department Dept. of Corp. Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street Bandra (E), Mumbai – 400 051 Mumbai- 400001 Symbol/Security ID: POWERMECH Security Code: 539302

Dear Sir/Madam,

Sub: Receipt of order

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We are delighted to announce that our Company has secured a ₹294 Crore (excluding GST and an incentive amount of ₹ 1.25 crore per unit after achieving the Synchronization within stipulated time) order from Adani Power Limited (APL) for Overhauling services, condition assessment, Erection, Testing, Commissioning and manpower assistance for Performance Guarantee Test of Steam Generator (SG) and Steam Turbine Generator (STG) and its Auxiliaries for Unit 3 and 4 of 2x660 MW Korba Phase-II Thermal Power Project.

The details as required under the SEBI Master Circular No. SEBI/HO/CFD/PoD2/ CIR/P/ 2023/120 dated July 11, 2023, are given in the enclosed as Annexure-I.

This is for your kind information and dissemination to the public at large.

For Power Mech Projects Limited

MOVVA Digitally signed by MOVVA RAGHAVENDRA PRASAD RAGHAVENDRA Date: 2025.01.01 11:08:50 PRASAD +05'30'

M. Raghavendra Prasad Company Secretary and Compliance Officer M. No.: A41798

Encl: as above

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Annexure-I

S.No	Particulars	Details
A	Name of the entity awarding order(s)/Contract(s)	Adani Power Limited (CIN: L40100GJ1996PLC030533)
B	Significant terms and conditions of order(s)/contracts(s) awarded in brief	To provide Overhauling services, condition assessment, Erection, Testing, Commissioning and manpower assistance for Performance Guarantee Test of Steam Generator (SG) and Steam Turbine Generator (STG) and its Auxiliaries for Unit 3 and 4 of 2x660 MW Korba Phase-II Thermal Power Project
C	Whether order(s)/contract(s) have been awarded by domestic/ international entity	Domestic Entity
D	Nature of order(s)/Contract(s)	Overhauling services, condition assessment, Erection, Testing, Commissioning and manpower assistance for Performance Guarantee Test of Steam Generator (SG) and Steam Turbine Generator(STG)and its Auxiliaries
E	Whether domestic or international	Domestic
F	Time period by which the order(s)/contract(s) is to be executed	For Unit-3 of SG and STG:within Twelve (12) months from date of Notice to Proceed For Unit-4 of SG and STG:within Eighteen (18) months from date of Notice to Proceed
G	broad consideration or size of the order(s)/contract(s)	₹294 Crore (excluding GST and an incentive amount of ₹ 1.25 crore per unit after achieving the Synchronization within stipulated time from the Notice to Proceed)
H	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
I	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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