Announced Thu, 9 Jul · 10:35 IST
Rajesh Power bags Rs 653 cr PGVCL order for underground cabling
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.9%1-day move
₹819.00
prior close
₹855.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.4+1.3+0.8+0.5+5.9+5.0+1.3+3.5+6.6+3.8————
Up moveDown movePending
AI summary
Rajesh Power Services has won orders worth Rs 653.12 crore (including taxes) from Paschim Gujarat Vij Company (PGVCL), a Gujarat government undertaking. The turnkey projects involve converting existing 11kV overhead HT and LT lines into underground cable networks with ring main systems, GIS mapping and asset tagging across Bhavnagar, Anjar, Junagadh and Porbandar in Gujarat. This strengthens the company's position in underground power distribution EPC work.
Likely market impact
Large order from a state PSU lifts the order book and reinforces leadership in underground power distribution. Positive for revenue visibility.