Rajesh Power Services Ltd Bags Rs 75.05 Crore Turnkey Order from RVPNL for GIS Substation Project
Rajesh Power Services Ltd has secured a significant order worth Rs 75.05 Crores from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL). The contract involves the execution of a turnkey project covering the supply, erection, testing, and commissioning of a new substation along with its associated transmission line in Jodhpur.The deal places Rajesh Power Services Ltd as the contractor for the 132/33 kV, 2X50 MVA GIS Substation at Pal, Jodhpur. The scope of work is comprehensive, encompassing the entire lifecycle of the project, including initial surveying and the supply of all necessary equipment and materials.
The contract, categorized as a turnkey venture, will take approximately 18 months to complete. This business award was secured from a domestic entity.
Key details of the order awarded by RVPNL to Rajesh Power Services Ltd are presented in the table below:
| Particulars | Details |
|---|---|
| Client Name | Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL) |
| Contract Nature | Turnkey Contract |
| Project Scope | 132/33 kV, 2X50 MVA GIS Substation at Pal, Jodhpur and associated transmission line (including Survey, Supply, Erection, Testing & Commissioning). |
| Order Value | Rs 75.05 Crores (Incl. Taxes) |
| Project Duration | 18 Months |
| Client Type | Domestic Entity |
Rajesh Power Services Ltd confirmed that the order is part of the normal course of business and that there is no interest from the promoter group or related parties in RVPNL, nor would the contract fall under related party transactions.
Stock Price Movement
As of 12:13, Rajesh Power Services Ltd. is edging higher at ₹851.00, reflecting a solid 1.39% jump for the shares. The stock has moved within a busy intraday range, trading between the low of ₹837.65 and an intraday high of ₹854.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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