| The Company was originally incorporated on July 22, 1999 as a private limited company by the name Power Mech-Projects Private Limited under the Companies Act, 1956. Pursuant to a resolution passed by the shareholders on September 28, 2007, the Company was converted into a public limited company as Power Mech-Projects Limited and a fresh certificate of incorporation was issued on October 16, 2007. Subsequently the Company's name was changed to Power Mech Projects Limited vide a resolution passed by the shareholders on September 15, 2010, owing to the hyphen being removed. A fresh certificate of incorporation pursuant to the change of name was issued by the RoC on November 1, 2010.
Change in Registered Office
The registered office of the Company was originally located at 204, Nagilla Towers 1-11-112, Begumpet, Hyderabad, Telangana (erstwhile Andhra Pradesh). Pursuant to a resolution of the Board dated August 23, 2007, the registered office of the Company was shifted to 403, Vamsi Rishi Residency, 6-3-865/B, Green Lands, Begumpet, Hyderabad, Telangana (erstwhile Andhra Pradesh), for administrative convenience. Thereafter, pursuant to a resolution of the Board dated March 12, 2011, the registered office of the Company was shifted to Plot No. 77, Jubilee Enclave, Opposite to Hitex, Madhapur, Hyderabad - 500 081, Telangana, India with effect from May 22, 2011 for administrative convenience.
Key Events, Milestones and Achievements:
1999
-Incorporation of the Company
-Undertook works in overhauling and maintenance of gas turbines
2002
-First boiler erection work of capacity 1 X 63 tph and 2 X 165 tph AFBC boilers and ETC of 20.85 MW and 55 MW steam turbine generators.
2004
-Fist AMC of 655 MW combined cycle dual fuel based power plant
2007
-Major ETC work of 2 units of thermal power plant of capacity 2 X 600 MW
-Erection of structural steel, steam generator and auxiliaries works for 3 boilers for 4000 MW (5X800 MW coal based power plant). This was the first 800 MW power plant in India.
2009
-Raising of capital in the form of equity and compulsorily convertible preference shares.
-First international work in Libya - erection of 2 gas turbines.
2011
-Commenced civil and gas turbine erection work at Yemen, Marib worth USD 61 million
2012
-Hydro Magus, the subsidiary was incorporated to undertake EPC works of hydro projects.
2014
-Entered into an MOU with Chengdu Pengrungrun New Energy Development Co. Limited, Hong Kong
Awards:
2011
-Best safety health and environment (SHE) award from CLP India Private Limited, Paguthan
2012
-Best safety conscious agency from Adani Power Maharashtra Limited at Tiroda
-3 million accident free man hours award from SEPCO III at Jharsuguda
2013
-Zero fatal accident and maximum safety working man hours of 1.68 million hours from Gujarat State Electricity Corporation Limited, Sikka
2014
-Certificate of appreciation for 30 million safe man hours award from Sasan Power Limited, Ultra Mega Power Project
2015
-Power Mech Projects Receipt of Leeter of Award worth Rs. 166.87 Crs
2016
-Power Mech bags work orders worth Rs 196 crores
-Power Mech Projects receives work order for O&M works
-Power Mech Projects bags orders worth Rs 271.89 crores
2017
-"Incorporation of 50% JV Company along with Skipper T&D in DMCC (Dubai multi commodities centre) , Dubai to support its international operations".
-Power Mech Projects bags orders worth Rs 624 cr.
2018
-Power Mech Projects bags orders worth Rs 245 cr.
2019
-Power Mech Projects bags orders worth Rs 115 crore.
2020
-Power Mech Projects bags orders worth Rs 351 crore.
2021
-Power Mech Projects wins orders worth Rs 448.60 cr.
2022
-Power Mech Projects Limited bags FGD projects worth 6163.20 Crores from Adani Group.
-Power Mech Projects wins orders worth Rs 2120 cr.
2024
-The Company has issued Bonus Shares in the Ratio of 1:1.
-Power Mech Projects Limited Bags order worth Rs. 865.00 Crores'.
-Power Mech Projects Limited Bags order worth Rs. 142.50 crores'.
-Power Mech Projects Limited makes historic inroads into construction of nuclear power plant with new project win"".
-Power Mech Projects Limited Bags order worth Rs.563.23 Crores'.
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