Rajesh Power Services Secures Rs 653.12 Crores Contract from PGVCL for Gujarat Cable Network Conversion
Rajesh Power Services Ltd has secured a significant contract valued at Rs 653.12 Crores (including taxes) from Paschim Gujarat Vij Company Limited (PGVCL). The order involves the conversion of existing network infrastructure into an underground cable network across several circles in Gujarat.The domestic entity PGVCL awarded the Turnkey Contracts to Rajesh Power Services Ltd for the extensive work spanning Bhavnagar, Anjar, Junagadh, and Porbandar Circles within Gujarat.
This substantial business contract outlines the complete transformation of the existing 11kV High Tension (HT) Line and Low Tension (LT) Line Network into a sophisticated Under Ground Cable Network. The scope of work includes implementing a Ring Main System along with GIS Mapping and Asset Tagging procedures.
The project is expected to take 18 months to execute, providing the company with a major revenue opportunity in the power infrastructure sector.
Details of the contract awarded by PGVCL are summarized below:
| Parameter | Detail |
|---|---|
| Awarding Entity | Paschim Gujarat Vij Company Limited (PGVCL) |
| Contract Nature | Conversion of existing network to Underground Cable Network with Ring Main System, GIS Mapping, and Asset Tagging |
| Geographical Scope | Bhavnagar, Anjar, Junagadh and Porbandar Circles of Gujarat |
| Contract Value | Rs 653.12 Crores (Incl. Taxes) |
| Estimated Execution Period | 18 Months |
Stock Price Movement
As of 10:28, shares of Rajesh Power Services Ltd are ticking up at ₹860.00, reflecting a solid increase of 5.22%. The equity traded through its intraday range, having moved between a low of ₹816.15 and a high of ₹860.00.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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