Press Release of receipt of orders from Uttar Gujarat Vij Company Limited (UGVCL) under Regulation 30 of SEBI(LODR),2015.
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Rajesh Power Services Limited has secured new orders worth Rs. 921.89 crore (including taxes) from Uttar Gujarat Vij Company Limited (UGVCL), a state-run power distribution company in Gujarat. The turnkey projects involve converting existing 11kV HT overhead networks into underground cable systems and installing 11kV Medium Voltage Covered Conductors (MVCC) across Himmatnagar, Palanpur, Mehsana, and Sabarmati Circles of UGVCL. This follows Rs. 143.11 crore in orders from DGVCL last month and Rs. 278 crore in orders (including a 400 kV GIS segment) from government and private customers. The company is a leading EPC contractor in the power transmission and distribution sector, operating across Gujarat, Rajasthan, Uttarakhand, Maharashtra, and Madhya Pradesh.
This is a significant order win that strengthens the company's order book and reinforces its position as a key EPC player in Gujarat's power distribution sector. Shareholders can view this as a positive revenue visibility signal, though execution timelines and margins will determine actual financial impact.