Power Mech Projects Secures Rs. 296 Crore Mumbai Monorail Contract
Filing Summary
Power Mech Projects Limited has been awarded a Rs. 296 Crore contract by Maha Mumbai Metro Operation Corporation Limited for the Operations & Maintenance of the Mumbai Monorail. The contract spans five years and covers a 19.54 Km corridor from Sant Gadge Maharaj Chowk to Chembur. This project involves comprehensive services, including the operation of advanced rolling stock and a new signaling system. The contract marks Power Mech’s entry into the urban mobility sector, enhancing its portfolio in infrastructure services.
Power Mech Projects Limited has secured an Operations & Maintenance (O&M) contract from Maha Mumbai Metro Operation Corporation Limited (MMMOCL) for the Mumbai Monorail. The contract is valued at Rs. 296 Crore and covers a 19.54 Km route from Sant Gadge Maharaj Chowk to Chembur. This agreement will last for five years and involves the management of 17 stations along the corridor.
The total contract value is Rs. 296 Crore, excluding GST. This financial commitment outlines the comprehensive nature of the services to be provided by Power Mech Projects Limited. The contract does not specify payment structures or schedules within the filing, focusing instead on the overall value and scope of work.
The scope of work under this contract includes comprehensive Operations & Maintenance services for the Mumbai Monorail. Power Mech Projects Limited will operate new advanced rolling stock and implement a new and upgraded Communication Based Train Control (CBTC) signaling system. These technical specifications are designed to enhance the operational efficiency and safety of the monorail system.
The Mumbai Monorail, operational since 2014, is India’s only straddle monorail system. This contract represents Power Mech Projects Limited’s entry into the urban mobility sector, expanding its service offerings beyond its traditional focus on power and infrastructure sectors. The company aims to leverage its extensive experience in O&M of power plants to meet the specialized demands of urban transit systems.
The contract is set to commence immediately, with Power Mech Projects Limited responsible for the O&M of the monorail over the next five years. The filing does not provide specific milestone dates or detailed implementation timelines beyond the overall contract duration.
Maha Mumbai Metro Operation Corporation Limited (MMMOCL) is responsible for the operation and maintenance of metro and monorail systems in Mumbai. The corporation focuses on enhancing urban mobility and improving public transportation infrastructure in the region.
Power Mech Projects Limited is a leading industrial engineering, construction, and services company in the power and infrastructure sectors. Established in 1999, the company has expanded its portfolio to include a wide range of services such as Engineering, Procurement, Construction, and O&M. Power Mech Projects Limited continues to align its business model with opportunities in the National Infrastructure Pipeline, focusing on large-scale sectoral investments.