Rajesh Power Services Secures Rs. 471.92 Crore MGVCL Order
Rajesh Power Services Secures Rs.471.92 Crore MGVCL Order
Rajesh Power Services Limited has secured a domestic turnkey contract from Madhya Gujarat Vij Company Limited (MGVCL) for power distribution infrastructure development across various locations in Gujarat.
The project involves converting existing 11kV overhead lines into Medium Voltage Covered Conductor (MVCC) systems and developing underground electricity distribution networks. The contract will be executed under MGVCL's SI Scheme Robust-III, with a stipulated completion period of 18 months.
Rajesh Power Order Highlights
- Company: Rajesh Power Services Limited.
- Awarding Entity: Madhya Gujarat Vij Company Limited (MGVCL).
- Order Type: Domestic turnkey contract.
- Order Value: Rs.471.92 crore, inclusive of taxes.
- Project Scope: Conversion of 11kV overhead lines to Medium Voltage Covered Conductor (MVCC) systems and development of underground electricity distribution networks.
- Project Location: Various locations across Gujarat.
- Scheme: MGVCL SI Scheme Robust-III.
- Execution Timeline: 18 months.
- Business Status: Order received in the normal course of business.
- Promoter Interest: No promoter or promoter group interest in the awarding entity.
- Related Party Transaction: The contract does not fall under related party transactions.
The Rs.471.92 crore contract strengthens Rajesh Power Services' order book in the power distribution infrastructure segment. The project will focus on upgrading overhead electricity distribution lines and expanding underground networks across designated locations in Gujarat.
What to Watch Next
- Investors may track regulatory disclosures regarding project execution and progress against the 18-month completion timeline.
- Further updates on order wins, project implementation and execution progress may provide insights into the company's business momentum.
- Investors can monitor future disclosures to assess how new contracts and ongoing project execution contribute to the company's order book.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
United Polyfab Gujarat: Three Independent Directors Resign
United Polyfab Gujarat Limited has announced the resignation of three Additional Directors serving as Independent Directors: Ms Payal Jangir, Mr Rohit Ashokkumar Agarwal and Mr Naresh Kumar Mistri. The resignations were tendered on September 29, 2026, and took effect from the same date. The directors cited personal reasons for stepping down and subsequently ceased to serve on the company committees where they were Chairman or Member.
Tata Power Renewable Energy Records Over 130% YoY Growth in Utility Scale Execution in Q2 FY2
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, reported over 130% year-on-year growth in utility-scale project execution during Q2 FY27. The company commissioned 419 MW of utility-scale renewable energy projects during the quarter, compared with 182 MW in Q2 FY26. It also executed 131.2 MWh of battery energy storage projects, including 101.2 MWh for in-house capacity. During H1 FY27, TPREL achieved total utility-scale project execution of 645 MW and commissioned 161.2 MWh of battery storage projects. The company's utility-scale operational portfolio expanded to 7.2 GW, comprising 5.8 GW of solar and 1.3 GW of wind capacity.
Tamboli Industries Subsidiary Secures Component Supply Programme Worth Rs.20 Crore Annually
Tamboli Castings Limited, a wholly owned subsidiary of Tamboli Industries Limited, has secured a long-term component supply programme from a global Fortune 100 original equipment manufacturer (OEM), with potential annual revenue of around Rs.20 crore.