Business Update22 Jul 2026, 10:15 am
Rajesh Power Services Secures ₹40.58 Cr PGVCL Contract
AI Summary
Rajesh Power Services Ltd has received a significant turnkey contract from Paschim Gujarat Vij Company Limited (PGVCL) valued at ₹40.58 Crores (including taxes). The contract involves the Supply, Installation, Testing, and Commissioning of 11 kV Medium Voltage Covered Conductor (MVCC) with accessories and allied items for feeders under the Jamnagar Circle of PGVCL, as part of a System Improvement (SI) Scheme. This order is expected to be executed within 12 months and falls within the normal course of business for the company. There are no promoter or group company interests in PGVCL, and the transaction is not considered a related party transaction.
Key Highlights
- Secured a turnkey contract worth ₹40.58 Crores from PGVCL.
- Contract covers supply, installation, testing, and commissioning of MVCC.
- Project is for System Improvement under Jamnagar Circle.
- Execution timeline for the contract is 12 months.
- Order received in the normal course of business.
Price Impact
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