Rajesh Power bags Rs 40.58 Cr order from PGVCL

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.2%-1.4% vs market

Other Utilities peers, median of 12sector · industry level-1.4%-1.1% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.1 pts less 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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AI summary

Rajesh Power Services Limited has secured a turnkey contract worth Rs. 40.58 Crores (inclusive of taxes) from Paschim Gujarat Vij Company Limited (PGVCL), a state-owned power distributor. The order covers supply, installation, testing and commissioning of 11 KV Medium Voltage Covered Conductor systems with accessories in the Jamnagar Circle under the System Improvement Scheme. The domestic order is to be executed within 12 months. No promoter or related party interest is involved.

Likely market impact

Positive order inflow from a state government utility, adding about Rs 40.58 Cr to the order book and supporting revenue visibility over the next 12 months.