Intimation under Regulation 30 of SEBI (LODR) regualtions,2015 of Receipt of Order from Gift Power Company Limited, Gift City, Gandhinagar.
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Rajesh Power Services Ltd has received an order valued at Rs. 59.79 Crore from Gift Power Company Limited, located in GIFT City, Gandhinagar. The scope covers Distribution & Backup power systems in both the SEZ Area and DTA Area of GIFT City, including grid power supply, backup power, and SS feeder expansion work. The order is domestic in nature and is to be executed over 18 months. The disclosure has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a sizeable new order that should add to the company's order book and provide revenue visibility over the next 18 months. For shareholders, the development is positive as it strengthens the company's project pipeline, though execution and margin outcomes will depend on how efficiently the work is delivered.