Announced Thu, 9 Jul · 10:27 IST
Rs 653 Cr order from PGVCL for underground cable network 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
+5.9%1-day move
₹819.00
prior close
₹820.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.8+4.9+5.9+4.3+5.9+5.0+1.3+3.5+6.6+3.8————
Up moveDown movePending
AI summary
Rajesh Power Services received a Rs 653.12 Cr turnkey order from PGVCL, a Gujarat state power distributor, for converting existing 11kV HT and LT overhead lines into underground cable network with ring main system, GIS mapping and asset tagging across Bhavnagar, Anjar, Junagadh and Porbandar circles. Execution period is 18 months. No promoter or related party interest in PGVCL.
Likely market impact
Large Rs 653 Cr government order, execution spread over 18 months, positive for order book and revenue visibility.