Rajesh Power Shares Jump Over 5% After Securing ₹220 Crore Order from MGVCL
By Shishta Dutta | Published at: Jul 8, 2025 01:30 PM IST
Ahmedabad, July 8, 2025 – Rajesh Power Services Ltd (BSE: 544291) surged over 5% on Tuesday’s trade after the company announced a major ₹220.18 crore order win from Madhya Gujarat Vij Company Ltd (MGVCL) for power infrastructure works under two key Gujarat government schemes.
The turnkey contract is for supplying, installing, testing, and commissioning 1KV Medium Voltage Covered Conductor (MVCC) infrastructure under the Kisan Suryoday Yojana (KSY) and Vanbandhu Kalyan Yojana (VKY-2) in Gujarat over a period of 9-month.
As of 12:47 PM on July 8, the company’s shares were trading at ₹1,399.80, up by 3.68%.
Order Details
According to the company’s filing with BSE under Regulation 30 of SEBI (LODR) Regulations, Rajesh Power secured a turnkey contract for the supply, installation, testing, and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) infrastructure. The project falls under the Kisan Suryoday Yojana (KSY) and Vanbandhu Kalyan Yojana (VKY-2) in Gujarat and is to be executed over a 9-month period.
Contract Summary
|
Particular |
Details |
|---|---|
|
Client |
Madhya Gujarat Vij Company Ltd (MGVCL) |
|
Project Type |
Turnkey Supply, Installation, Testing & Commissioning |
|
Scope |
11KV Medium Voltage Covered Conductor (MVCC) infrastructure |
|
Scheme |
Kisan Suryoday Yojana, Vanbandhu Kalyan Yojana (VKY-2) |
|
Value |
₹220.18 crore |
|
Duration |
9 months |
|
Related Party Involvement |
None |
Stock Performance Snapshot
|
Metric |
Value |
|---|---|
|
Previous Close |
₹1,350.10 |
|
Last Traded Price |
₹1,420.05 |
|
Change |
+₹69.95 (+5.18%) |
|
Day’s High |
₹1,433.30 |
|
Day’s Low |
₹1,360.00 |
|
52-Week High |
₹1,572.95 |
|
52-Week Low |
₹636.50 |
|
Market Cap (Full) |
₹2,564.25 Cr |
|
Turnover (Cr.) |
₹9.33 |
|
TTQ (Lakh) |
0.67 |
|
VWAP |
₹1,401.31 |
Regulatory Disclosure
The announcement was made in compliance with Regulation 30(3) of SEBI (LODR) Regulations, 2015, and aligned with SEBI circulars dated September 9, 2015, and July 11, 2023.
Outlook
Rajesh Power’s order win under key Gujarat government schemes signals strong execution capability and growing public sector trust. The market responded positively, reflecting investor confidence, with further upside likely as the company builds momentum in rural electrification and infrastructure development.
About the Company
Rajesh Power Services Ltd is a BSE-listed company operating in the multi-utilities sector. The company undertakes EPC and turnkey contracts in the power infrastructure segment, with operations focused primarily on electrification, transmission, and rural power development.
The stock is part of the BSE SME IPO category and settles under the M / T+1 group. As of now, the company’s trailing twelve-month EPS is zero, and valuation metrics like PE and ROE are not reported on the BSE snapshot. The face value of the equity share stands at ₹10.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/5dd7c2b2-6bf4-49fa-b0f4-9021010ae8c5.pdf
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