Rajesh Power Services Ltd bags orders worth Rs. 921.89 crore from UGVCL

Rajesh Power Services Limited (RAJESH) BSE: 544291, ISIN: INE0VN801010, one of the leading EPC Contractors in Power Transmission & Distribution on Thursday announced that the company has secured new orders worth Rs. 921.89 crore (Incl. taxes) from Uttar Gujarat Vij Company Limited (UGVCL), a state-run power distribution company in Gujarat.

These turnkey projects pertain to conversion of existing 11kV HT overhead networks into underground cable systems and Installation of 11kV Medium Voltage Covered Conductors (MVCC) across multiple locations in Gujarat, including Himmatnagar, Palanpur, Mehsana and Sabarmati Circles of UGVCL.

"We are grateful to partner with UGVCL for these significant projects, which reflect our ongoing focus on enhancing power distribution infrastructure in Gujarat. Drawing on our expertise in delivering reliable power solutions, we aim to support the region's energy needs effectively. We look forward to contributing to the state's evolving energy landscape in a meaningful way", said Mr. Kurang Panchal, Managing Director, Rajesh Power Services Limited.

Last month, Rajesh Power Services also received orders worth Rs. 143.11 crores from Dakshin Gujarat Vij Company Limited (DGVCL), and landmark orders worth Rs. 278 core which include 400 kV GIS Segment from combination of government and private customers.

Shares of Rajesh Power Services Limited was last trading in BSE at Rs. 1554.70 as compared to the previous close of Rs. 1545.40. The total number of shares traded during the day was 138400 in over 608 trades.

The stock hit an intraday high of Rs. 1605.00 and intraday low of 1540.55. The net turnover during the day was Rs. 218142980.00.

Source : Equity Bulls

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