Rajesh Power bags Rs 653 cr PGVCL order for underground cabling

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+3.8%Reaction day

₹819.00

prior close

₹855.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.9%+1.9% vs market

Other Utilities peers, median of 13sector · industry level+1.2%+2.6% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.6 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.4

10m

+1.3

15m

+0.8

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.8+1.9+1.9+1.2+2.6

Next day

+5.9+3.3+2.6+6.0-0.1

+5.0+3.5+1.5+5.0-0.0

+1.3+2.4-1.1+1.3+0.0

+3.5+3.1+0.4+1.1+2.3

+6.6+2.6+4.0-0.0+6.6

+3.8+2.1+1.7+1.1+2.7

15d

+2.4+0.9+1.4-5.8+8.2

+2.1+5.5-3.4-4.2+6.2

-1.1+8.1-9.2-7.8+6.7

-10.6+3.5-14.1-11.2+0.6

UpDownMarket · Nifty Microcap 250Sector · Other Utilities peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.