Order win of Rs 75.05 Cr from RVPNL for GIS substation in Jodhpur
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Rajesh Power Services has secured a turnkey contract worth Rs. 75.05 Crores (incl. taxes) from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL) for setting up a 132/33 kV, 2X50 MVA GIS Substation at Pal, Jodhpur with associated transmission line. Scope covers survey, supply, erection, civil works, testing and commissioning. The order is domestic with an 18-month execution timeline and is in the normal course of business.
Positive: sizeable new order from a state government PSU strengthens order book; revenue to flow over 18 months.