Intimation of announcement under Regulation 30 SEBI (LODR) , 2015 for receipt of order from Uttar Gujarat Vij Company Limited (UGVCL).
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Rajesh Power Services Ltd has received a large order worth Rs. 921.89 Crores (including taxes) from Uttar Gujarat Vij Company Limited (UGVCL), a state-owned power distribution company in Gujarat. The order covers turnkey projects for converting existing 11kV HT overhead networks into underground cable systems and installing 11kV Medium Voltage Covered Conductors (MVCC) across multiple locations in Gujarat. The projects are to be executed over 18 months. The order is from a domestic entity, with no related party or promoter interest. UGVCL is a Gujarat state government-owned power distribution utility, making this a government-sector order.
This is a significant order win that substantially strengthens the company's order book and provides strong revenue visibility over the next 18 months. It reflects growing business from state power distribution utilities and could positively influence investor sentiment on near-term revenue growth.