Company has received orders from Madhya Gujarat Vij Company Limited, Vadodara, Gujarat for Turnkey Contract of Supply, Installation, Testing and Commissioning of 11KV Medium Voltage Covered ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 4.0 pts more than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rajesh Power Services Ltd has secured a turnkey contract from Madhya Gujarat Vij Company Limited (MGVCL), a state-owned power distribution company based in Vadodara, Gujarat. The order covers the supply, installation, testing, and commissioning of 11KV Medium Voltage Covered conductors. MGVCL is one of Gujarat's electricity distribution utilities, making this a domestic government-sector order. The order value and the specific project details were not disclosed in the headline.
The order strengthens the company's order book in the power infrastructure segment and signals continued business from state discoms, which could be positive for revenue visibility. However, without disclosed order value, it is difficult to gauge the magnitude of the impact on the stock.