Rajesh Power Services Secures Rs 40.58 Crores Turnkey Contract from PGVCL
Rajesh Power Services Ltd has secured a significant domestic contract worth Rs 40.58 Crores (including taxes) with Paschim Gujarat Vij Company Limited (PGVCL). The contract involves the turnkey execution of works related to a System Improvement (SI) Scheme under Jamnagar Circle of PGVCL.The order pertains to the Supply, Installation, Testing and Commissioning of 11 kV Medium Voltage Covered Conductor (MVCC), along with its accessories and allied items, for an 11KV feeder. The contract is designated as a turnkey-based service provided by the company.
Rajesh Power Services Ltd confirmed that the entity awarding the order is domestic, and the nature of the transaction falls under Turnkey Contracts. The execution period for the contract has been set at 12 months.
Key details regarding this business opportunity are summarized below:
| Particulars | Description |
|---|---|
| Entity Awarding Order | Paschim Gujarat Vij Company Limited (PGVCL) |
| Nature of Contract | Turnkey based contract for Supply, Installation, Testing and Commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) with its accessories and allied items in 11KV feeder under Jamnagar Circle of PGVCL under System Improvement (SI) Scheme. |
| Order Size | Rs 40.58 Crores (Incl. Taxes) |
| Execution Timeline | 12 Months |
| Related Party Status | The promoter/promoter group has no interest in PGVCL, and the order does not constitute a related party transaction. |
Stock Price Movement
At 10:16, Rajesh Power Services Ltd is slipping, trading at ₹843.95, down 1.83%. The shares have traded within a tight intraday range, having moved between a low of ₹830.20 and a high of ₹851.00.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.