Power Mech wins ₹972 cr township project at Yadadri Thermal Power Station
.webp)
Power Mech Projects Limited, in an exchange filing on Tuesday, announced that it has been awarded a construction contract worth ₹971.98 crore (excluding GST) by the Telangana Power Generation Corporation (TGGENCO).
The project involves the engineering, design and construction of an integrated residential township at the Yadadri Thermal Power Station located in Veerlapalem, Dameracherla Mandal, Nalgonda district, Telangana. The scope of work includes independent and multistorey residential quarters, a hospital, school, clubhouse, commercial complexes, indoor stadium, sports complex and various infrastructure facilities.
Key infrastructure components will include site levelling, roads, drainage, potable water tanks, overhead storage reservoirs, sewage treatment, rainwater harvesting systems and a bridge over the Tungapadu Vagu. A sub-station, street lighting and internal compound walls are also part of the development.
The project is to be completed within 30 months from the site handover date, Power Mech said.
Telangana State Power Generation Corp township project
Telangana State Power Generation Corporation is the primary government-owned organisation responsible for electricity generation in the state of Telangana. As of 2024, the corporation has more than 10,000 employees.
During an inspection of the under-construction 4,000 MW thermal power plant at Veerlapalem village in Nalgonda district, then Chief Minister K Chandrashekar Rao directed officials to build a township spanning 100 acres to accommodate the families of approximately 10,000 workers associated with the plant. Subsequently, TSGENCO announced plans to develop an integrated township for the Yadadri Thermal Power Station in November 2022.
Power Mech confirmed that there is no promoter or related party interest involved in the awarding of this domestic contract.
Following the news, Power Mech’s shares increased 2 per cent to ₹2,786.10 on the BSE at 10:33 am on Tuesday.
Other Latest News
.webp)
At least 14 people have died in Punjab's Amritsar district after allegedly consuming spurious liquor, leading to the arrest of seven accused, officials said on Tuesday.
Police said six people have been hospitalised with complications caused by hooch.
.webp)
Schools in five border districts of Punjab remained closed on Tuesday while a blackout was enforced in Amritsar and Hoshiarpur’s Dasuya and Mukerian on Monday as a precautionary measure, news agency PTI reported.
The schools were closed in Amritsar, Pathankot, Fazilka, Ferozepur, and Tarn Taran, however, they remained open in the sixth border district of Gurdaspur, along with Sangrur and Barnala.
.webp)
China has announced removal of a month-long ban on airlines accepting deliveries of Boeing plane, following a breakthrough between US and China trade talks.
A Bloomberg report said that officials in Beijing have now informed the domestic carriers that deliveries of US-made aircraft can now resume. However, the airlines will have discretion to organise the delivery on their timing and terms.
.webp)
China's Ant Group has offloaded 25.5 million shares of Indian fintech firm Paytm in a block trade, raising approximately $246 million. The shares were sold at ₹823.10 ($9.69) apiece, according to a term sheet reviewed by Reuters.
Ant Group, a subsidiary of Alibaba Group, has been gradually reducing its stake in Paytm as part of a broader strategic shift and regulatory pressures in both China and India.
.webp)
Prime Minister Narendra Modi is set to address the nation at 8 pm today (12 May). This will be his first address after the Indian armed forces launched 'Operation Sindoor' in retaliation against the April 22 Pahalgam terror attack.
While no details have been disclosed regarding his address, it is expected that the Prime Minister will brief the nation on the military operation launched in Pakistan and Pakistan-occupied Kashmir.
.webp)
.webp)
.webp)
.webp)
.webp)
