Rajesh Power Services Limited (RPSL) has announced a significant development in its business operations, securing a new contract worth ₹24.57 crore from Gujarat Energy Transmission Corporation Limited (GETCO). This turnkey project involves the supply, erection, testing, and commissioning of a 220kV DC line at Radhanesda, Gujarat.

Contract Details

The company disclosed the following key details about the contract:

Project Significance

This order marks an important milestone for Rajesh Power Services, showcasing its capabilities in handling large-scale power transmission projects. The contract, awarded by a domestic entity, aligns with the company's core competencies in the power sector.

Execution Timeline

RPSL has committed to completing the project within a 24-month timeframe. This timeline underscores the company's confidence in its ability to manage and deliver complex power infrastructure projects efficiently.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Rajesh Power Services promptly informed the BSE Limited about this development. The company confirmed that the order was received in the normal course of business and does not involve any related party transactions.

This new contract reinforces Rajesh Power Services' position in the power infrastructure sector and may contribute to its order book and future revenue streams. Stakeholders will likely monitor the project's execution and its potential impact on the company's financial performance.

Rajesh Power Services Limited has announced a significant development in its business operations, securing substantial turnkey project orders from Uttar Gujarat Vij Company Limited (UGVCL). The company has received contracts valued at Rs 921.89 crores, marking a notable achievement in its order book.

Project Details

The newly acquired projects involve two main components:

1. Conversion of existing 11kV HT overhead networks into underground cable systems
2. Installation of 11kV Medium Voltage Covered Conductors (MVCC)

These projects are set to be executed across multiple locations in Gujarat, enhancing the state's power distribution infrastructure.

Contract Specifics

Key Points

• The orders were received in the normal course of business, indicating steady growth in the company's operations.
• Rajesh Power Services Limited has confirmed that these contracts do not involve any related party transactions.
• The company has also clarified that there is no involvement of promoter, promoter group, or group companies in the entity that awarded the contracts.

This development showcases Rajesh Power Services Limited's strong position in the power infrastructure sector and its capability to secure significant projects. The successful execution of these contracts over the next 18 months could potentially strengthen the company's market position and financial performance.

As the power sector continues to evolve with a focus on modernizing infrastructure, companies like Rajesh Power Services Limited play a crucial role in implementing these advancements. The conversion of overhead networks to underground systems and the installation of covered conductors are likely to improve the reliability and efficiency of power distribution in the regions where these projects will be implemented.