A significant boost for the energy infrastructure sector has emerged as a prominent engineering and construction firm secured substantial operation and maintenance contracts valued at over ₹551 Crore. These new mandates, spanning critical thermal power assets in Bihar and Madhya Pradesh, underscore the company’s expanding footprint in managing large-scale energy facilities. This strategic growth aligns with the nation’s ongoing efforts to ensure robust and reliable power generation for its burgeoning economy.
The larger of the two mandates, valued at ₹498.39 Crore (excluding applicable taxes), was awarded by SJVN Thermal (P) Ltd. This pivotal contract involves comprehensive commissioning support and ongoing operation and maintenance for the 2 x 660 MW supercritical Buxar thermal power project, strategically located in Chausa, Bihar. The anticipated execution timeline for this complex undertaking is set at 39 months, highlighting the long-term operational commitment required for such critical national assets. The deployment of supercritical technology in such projects is crucial for enhancing efficiency and optimising resource utilisation within the existing energy framework.
Concurrently, the firm also secured a significant contract worth ₹52.96 Crore from Jhabua Power Limited, a joint venture with NTPC Limited. This agreement pertains to the operation and maintenance of the boiler, turbine, and generator components of a 1×600 MW unit situated in the Seoni district of Madhya Pradesh. This contract is initially for a period of three years, with a provision for an additional one-year extension, signifying confidence in the company’s operational capabilities and a commitment to sustained performance in the region’s power generation landscape.
These substantial contract wins arrive on the heels of an impressive financial performance. For the quarter ending March 2025, the company reported a robust 53.80% year-on-year surge in net profit, reaching ₹129.80 Crore, up from ₹84.40 Crore in the corresponding period of the previous fiscal year. This strong profitability was underpinned by a significant increase in operational revenue, which climbed 42.40% to ₹1,853.30 Crore, compared to ₹1,301.50 Crore previously. Such financial vigour positions the company favourably for continued expansion and investment in critical infrastructure.
The securing of these major operation and maintenance contracts reinforces the company’s integral role in sustaining India’s energy backbone. As the nation navigates its energy transition, the efficient management and optimisation of existing power generation assets remain paramount to ensuring energy security and stability. These developments underscore the ongoing demand for specialised expertise in maintaining the operational integrity of large-scale power infrastructure, contributing to the broader objective of a resilient and self-reliant energy sector.
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