Rajesh Power Services Ltd Secures Rs 362.82 Crore Contract from PGVCL
Rajesh Power Services Ltd has secured a significant contract order totaling Rs 362.82 Crores (Incl. Taxes) from Paschim Gujarat Vij Company Limited (PGVCL). The agreement involves a major infrastructure project focused on upgrading existing power networks in Jamnagar City-2 Division.The order pertains to a Turnkey Based Contract aimed at converting the current electrical systems into modern underground cable networks. This conversion includes all necessary components, such as 11 kV HT Line and LT Line Network, Consumer Service Lines, and the implementation of a Ring Main System under PGVCL.
This domestic contract awarded by PGVCL is scheduled for execution over a period of 24 months. The business relationship involves no conflict regarding promoter or promoter group interest in the entity awarding the order, nor does it constitute a related party transaction.
Key details regarding the contract are as follows:
| Particulars | Description |
|---|---|
| Client Entity | Paschim Gujarat Vij Company Limited (PGVCL) |
| Contract Nature | Turnkey Contract |
| Scope of Work | Conversion of Existing 11 kV HT Line and LT Line Network, including Consumer Service Lines into Underground Cable Network with Ring Main System at Jamnagar City-2 Division. |
| Order Value | Rs 362.82 Crores (Incl. Taxes) |
| Time Period | 24 Months |
The contract underscores Rajesh Power Services Ltd’s capability in executing complex infrastructure projects for major utility providers like PGVCL.
Stock Price Movement
At the 09:44 market update, shares of Rajesh Power Services Ltd are climbing, currently trading at ₹874.00 and edging up 2.27%. This performance follows an intraday trading range that stretched from a low of ₹849.05 to a high of ₹874.00.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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