Hyderabad-based Power Mech Projects Limited (PMPL), with a spectrum of portfolios, has bagged a record order for 5 Flue Gas Desulphurization (FGD) projects with an aggregating value of Rs. 6,163.20 Cr. The orders are for a quantum of 15 FGD retrofits to coal-based units, whose sizes range between 330 MW and 660 MW. These Engineering, Procurement and Construction (EPC) projects are projected to be implemented over the course of the next 30 months and are prestigious to PMPL. Adani Group is considered a highly valued customer to PMPL with an association of over 15 years; rendering services for the group in multiple portfolios, including Power, Infra, Pipelines, Material Handling etc. These five projects would be implemented at Adani Group’s coal-based power plants in Mundra, Tiroda, Kawai and Udupi where PMPL has already established its presence.
These FGD units will effectively curb Sulphur-dioxide emissions with 92% recoveries and will play a vital part in helping India’s ambitious goal of reducing emission intensity as announced at the United Nations Climate Change Conference, COP26. Post commissioning of these projects, opportunities are envisaged for undertaking Operation & Maintenance (O&M) of the units, thus enhancing the space for the service profile of the Company and bringing in value addition. PMPL has tied up with well-proven technology partners for professional support for service and supply in installing these FGDs.
PMPL already has the exposure of installing India’s First Operational FGD at Vindhyachal 500 MW unit as an associate to General Electric (India) Ltd. in 2018 itself. Presently PMPL is executing civil works for FGD units to BHEL for their various projects, aggregating 2,300 MW including at Bhusawal, North Chennai and Kahalgaon. The major thrust on FGD EPC business is part of forward integration strategy supported by Power Mech’s core competence for over two decades in power plant installation with a generating capacity of over 67,000 MW and the O&M of power plants with over 68,000 MW of installed base in the Country.
Sajja Kishore Babu, Chairman and Managing Director said, “These major orders will invariably strengthen the already robust order-book and enable the Company to further diversify its scope, in line with its strategy to balance optimum mix between power and non-power segments. With the projected revenues flowing in from FGD system projects, we expect to enjoy sustainable fiscal margins and augment O&M footprint in the near future.”