Intimation under Regulation 30 SEBI(LODR),2015 for confirmation of Lowest Bidder L1 from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPN).
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Rajesh Power Services Ltd has been confirmed as the lowest bidder (L1) by Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPN), a Rajasthan state government undertaking. The project involves construction of a 132/33 KV, 2x50 MVA GIS substation at Hathi Bhata in Ajmer, along with associated transmission lines, covering survey, supply of equipment, erection, civil works, testing, and commissioning. The execution timeline is 18 months from the date of commencement. The contract value has not been disclosed in this filing. Final award is still pending — the company awaits the formal Letter of Intent (LOI) or Letter of Award (LOA) from RRVPN, with detailed disclosures to follow once received.
This is a positive signal as the company stands a strong chance of winning a government power infrastructure contract, but it is not yet a confirmed order. Shareholders should watch for the upcoming LOI/LOA announcement, which will reveal the contract value and allow assessment of its financial impact on the company.