Deals4 Nov 2026, 09:53 am
Rajesh Power Services Secures ₹1,628.74 Cr DGVCL Contracts
AI Summary
Rajesh Power Services Ltd has announced receiving significant turnkey contracts from Dakshin Gujarat Vij Company Limited (DGVCL) valued at ₹1,628.74 Crores (including taxes). These contracts involve the conversion of existing 11/22kV HT & LT Overhead Networks to Underground (UG) Cable Systems with SCADA-Compatible Equipments under the SI Scheme across various locations in DGVCL, Gujarat. The execution period for these contracts is 24 months. The company confirmed that the promoter/promoter group/group companies have no interest in DGVCL, and the contracts do not fall under related party transactions. This development is expected to bolster the company's order book and revenue streams.
Key Highlights
- Received turnkey contracts worth ₹1,628.74 Crores from DGVCL.
- Contracts involve conversion to underground cable systems with SCADA compatibility.
- Execution timeline for the contracts is 24 months.
- No promoter or related party interest in the awarding entity.
- Orders received in the normal course of business.
Price Impact
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