Intimation - Confirmation for Lowest Bid at L1 stage as per Regulation 30 of SEBI(LODR),2015.

Govt Defence OrderBusiness Updates View source PDF Explain this filing

Price

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Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹1327.90

prior close

₹1314.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-1.4% vs market

Other Utilities peers, median of 12sector · industry level+0.2%-1.4% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.4 pts less than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.0

10m

+0.9

15m

+1.1

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3+0.1-1.4+0.2-1.4

Next day

-1.7-0.2-1.5-0.7-1.0

-0.4+0.3-0.8+0.5-0.9

-0.9+0.9-1.7+0.9-1.8

+1.6+0.8+0.8-0.3+1.9

+3.1+2.2+0.9+0.3+2.8

+0.3+3.4-3.1-0.1+0.5

15d

+2.3-0.8+3.1-2.9+5.2

+1.4+2.9-1.5+0.4+1.1

+11.8+0.8+10.9-0.2+12.0

+9.6+0.0+9.6-8.9+18.5

UpDownMarket · Nifty Microcap 250Sector · Other Utilities peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rajesh Power Services Ltd has been declared the successful L1 (lowest) bidder for a turnkey contract involving supply, installation, testing, and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) under the KSY Scheme. The client is Paschim Gujarat Vij Company Ltd (PGVCL), a Gujarat state-owned power distribution company. The company has not yet received the formal Letter of Intent or Letter of Award, so the contract value and full details will be disclosed later. PGVCL is a state government utility, making this a government-backed order in the power infrastructure space.

Likely market impact

This is a positive development as L1 status gives the company first right to the contract, supporting its order book. Investors should watch for the next update when the actual contract value is revealed, since the size of the deal will determine its real impact on revenue and earnings.