Announced Tue, 4 Aug · 09:39 IST
Rajesh Power wins Rs 362.82 Cr order from PGVCL for Jamnagar underground cable work
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
+0.3%1-day move
₹853.05
prior close
₹852.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.3+1.7+1.5—+0.3+0.5+0.8-2.0-0.2-2.3————
Up moveDown movePending
AI summary
Rajesh Power Services has secured a turnkey order worth Rs 362.82 Crores (incl. taxes) from Paschim Gujarat Vij Company Limited (PGVCL), a state-run electricity distributor in Gujarat. The 24-month contract covers conversion of existing 11 kV HT and LT overhead lines into underground cable network with ring main system at Jamnagar City-2 Division. The order is domestic, with no related party interest, and was received in the normal course of business.
Likely market impact
Large order from a state-owned utility boosts order book visibility over 24 months. Positive for revenue and growth prospects.