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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Awaiting price reaction for this filing.
Rajesh Power Services Ltd has been confirmed as the Lowest Bidder (L1) for a project awarded by Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPN), a Rajasthan state-owned power transmission company. The work involves construction of a 132/33 KV, 2x50 MVA GIS Substation at Hathi Bhata in Ajmer, along with associated transmission lines including survey, supply of all equipment/materials, erection, testing, and commissioning. The project is to be completed within 18 months from the date of commencement. The company notes that final declaration as a successful bidder is subject to receiving the Letter of Intent (LoI) or Letter of Award (LoA) from RRVPN. No monetary value of the bid has been disclosed in this intimation.
Positive for the stock — L1 status in a government PSU tender signals likely order inflow, but it is not yet a confirmed win until the LoI/LoA is issued. Investors should watch for the follow-up disclosure confirming the final award and its value to gauge the actual impact on order book and revenue.