Announcement for Receipt of Order from Gujarat Energy Transmission Corporation Limited (GETCO) under Regulation 30 SEBI (LODR),2015.
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Awaiting price reaction for this filing.
Rajesh Power Services Ltd has received a turnkey order from Gujarat Energy Transmission Corporation Limited (GETCO), a state-owned power transmission utility, for the supply, erection, testing, and commissioning of a 220kV DC line at Radhanesda, Gujarat using AL-59 conductor. The order is valued at Rs. 24.57 crores (inclusive of taxes) and is to be executed over 24 months on a turnkey basis. The order has been awarded by a domestic entity, with no related party interest from the promoter or group companies. This is a routine business win for the company in the power transmission EPC segment.
This order strengthens the company's order book in its core power transmission EPC business and reflects continued business flow from state-owned utilities, which is positive for revenue visibility. However, the size is modest, so the immediate impact on stock price is likely to be limited unless more such orders follow.