Rajesh Power bags ₹69 cr order from UGVCL; second win within a week
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On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.0 pts more than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rajesh Power Services received a ₹69.004 crore turnkey order from Uttar Gujarat Vij Company (UGVCL) for shifting electrical networks across six subdivisions in Gujarat's Sabarmati and Mehsana circles, with GIS mapping and asset tagging, to be completed in 12 months. This is the second order in a week, following a ₹471.92 crore order from MGVCL on October 12. Combined order inflow stands at ₹540.924 crore, strengthening the company's order book and project pipeline.
Adds ₹540.92 crore to order book in a week, boosting revenue visibility. Repeat wins from Gujarat utilities signal business strength.