Intimation under Regulation 30 of SEBI (LODR),2015 for Receipt of Order from DGVCL, Surat.
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Rajesh Power Services Ltd has received a turnkey contract worth Rs. 143.11 crore from Dakshin Gujarat Vij Company Limited (DGVCL), a state government-owned power distribution company in Surat. The work involves converting existing 11/22kV HT overhead networks to underground cable/MVCC under the System Improvement (SI) scheme across Valsad City, Valsad Rural and Surat Rural under DGVCL. The project is to be completed within 18 months. The order is domestic, with no promoter or related party interest involved, and was received in the normal course of business.
This sizeable order win materially boosts the company's revenue visibility over the next 18 months and is positive for its order book. For shareholders, the contract from a credible state-owned DISCOM signals business momentum, though execution within the 18-month timeline will be the key driver of actual earnings impact.