Rajesh Power Services Ltd receives orders from PGVCL

Rajesh Power Services Limited (RAJESH) BSE: 544291, ISIN: INE0VN801010, one of the leading EPC Contractorsin Power Transmission & Distribution on Thursday announced that the company has secured new orders worth Rs. 653.12 crores (Incl. taxes) from Paschim Gujarat Vij Company Limited (PGVCL), a government of Gujarat undertaking.

These turnkey projects pertain to Conversion of Existing 11kV High Tension (HT) Line and Low Tension (LT) Line network into Under Ground Cable Network with Ring Main System with GIS mapping and asset tagging at Bhavnagar, Anjar, Junagadh and Porbandar circles of Gujarat.

"The award of ₹653.12 crore worth of orders from PGVCL is a strong endorsement of Rajesh Power Services Limited's execution capabilities, technical expertise, and proven track record in delivering complex power infrastructure projects. These orders further reinforce our leadership in underground power distribution projects and our ability to execute large-scale, time-bound assignments with the highest standards of quality and safety. We are proud to partner with PGVCL in strengthening Gujarat's power distribution network and remain committed to creating long-term value for all our stakeholders," said Mr. Kurang Panchal, Managing Director, Rajesh Power Services Limited.

Shares of Rajesh Power Services Limited was last trading in BSE at Rs. 865.65 as compared to the previous close of Rs. 848.65. The total number of shares traded during the day was 29500 in over 239 trades.

The stock hit an intraday high of Rs. 868.60 and intraday low of 858.00. The net turnover during the day was Rs. 25497275.00.

Source : Equity Bulls

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