Intimation - Confirmation of Lowest Bid at L1 Stage as per Regulation 30 of SEBI(LODR)Regulations,2015.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.1 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Rajesh Power Services Ltd has been confirmed as the successful L1 (lowest) bidder for three turnkey contracts from Madhya Gujarat Vij Company Limited (MGVCL), a state-owned electricity distribution company. All three projects involve the supply, installation, testing, and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) at various locations in Gujarat, under the Kisan Suryoday Yojna (KSY) and VKY-2 schemes. The contracts cover three distinct project areas — general KSY locations, Bodeli & Dabhoi Division, and Dahod & Lunawada Division. The company has not yet disclosed the monetary value of these orders, and further details will be shared once the formal Letter of Intent or Letter of Award is received.
This is a positive development for shareholders as it confirms new business wins from a state government utility, though the financial impact remains unclear until order values are disclosed and formal awards are received.