Latest news with #RajeshPower
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Business Standard
08-07-2025
- Business
- Business Standard
Rajesh Power rises 6% after bagging ₹220-crore order from Madhya Gujarat
Rajesh Power shares gained 6.2 per cent in trade on Tuesday, logging an intraday high at ₹1,434 per share. At 11:40 AM, Rajesh Power shares were trading 4.58 per cent higher at ₹1,412 per share on the BSE. In comparison, the BSE Sensex was up 0.01 per cent at 83,451.14. The company's market capitalisation stood at ₹ 2,542.64 crore. Its 52-week high was at ₹1,572.95 per share and the 52-week low was at ₹636.5 per share. Why were Rajesh Power shares in demand? The buying interest on the counter came after the company bagged multiple orders from Madhya Gujarat Vij Company Limited (MGVCL), Vadodara, Gujarat. Under the contract, Rajesh Power will supply, install, test, and commission 11KV medium voltage covered conductor (MVCC) at various locations under the Kisan Suryoday Yojana (KSY) Scheme and Vanbandhu Kalyan Yojana (VKY -2) Scheme. "We are pleased to inform you that the Company has received orders from M/s Madhya Gujarat Vij Company Limited (MGVCL), Vadodara, Gujarat for turnkey Contract for supply, installation, testing and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) at various locations under Kisan Suryoday Yojana (KSY) Scheme and Vanbandhu Kalyan Yojana (VKY -2) scheme," the filing read. The order is worth ₹220.18 crore and has to be completed within 9 months. Prior to this, the company secured ₹59.79 crore order from Gift Power Company for distribution and backup power systems in the SEZ Area and DTA Area of GIFT City. The order was to be completed within 18 months. As per the agreement, Part A involves setting up grid power supply infrastructure across both SEZ and DTA areas. Part B focuses on establishing backup power arrangements exclusively for the SEZ area, while Part C pertains to the expansion of substation feeders in the DTA zone. The project is aimed at enhancing the power reliability and operational readiness of GIFT City's growing infrastructure. About Rajesh Power Services Rajesh Power Services is amongst the largest players in the country firmly established in the underground power transmission and infrastructure EPC space. Rajesh Power has experience in executing large-scale projects with notable capabilities that deliver end-to-end solutions covering design, consultancy, procurement, project execution, and testing and commissioning projects on a turnkey basis. The company is also a utility service provider in the area of operations and maintenance services, utility services like cable testing, and fault location for its utility as well as private clients.
The Print
16-05-2025
- Business
- The Print
Rajesh Power Services posts twofold jump in profit to Rs 65.2 cr for H2 FY25
Total income soared by more than two-fold to Rs 792.89 crore in the October-March period compared to Rs 321.77 crore in the H1 of FY 2024-25. The company, engaged in the business of providing consultancy to state transmission and distribution companies and private utilities and industries, reported a net profit of Rs 28.16 crore in the first six months of the financial year, Rajesh Power said in a statement. New Delhi, May 16 (PTI) Ahmedabad-based consultancy firm Rajesh Power Services on Friday said its net profit jumped more than twofold to Rs 65.2 crore in October-March 2024-25 compared to the first half of the year on the back of higher income and order inflows. For the full fiscal, the company has reported a net profit of Rs 93.36 crore for 2024-25 compared to Rs 26.02 crore in the corresponding period of 2023-24, reflecting a more than threefold jump. The total income of the company also jumped to Rs 1,114.66 crore in FY2024-25 compared to Rs 295.06 crore in FY 2023-24. The company stated that in April 2025 it secured fresh orders worth Rs 1,116 crore from government and institutional clients, reinforcing its strong presence in the engineering, procurement and construction sectors. These projects are scheduled for completion within 12 to 18 months, providing robust revenue visibility. The company made its debut on BSE SME platform on December 2, 2024, followiing its Rs 160.50 crore IPO. PTI KKS MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Mint
23-04-2025
- Business
- Mint
Small-cap stock Rajesh Power Services surges 18% on order wins; details here
Small-cap stock Rajesh Power Services surged as much as 18 per cent in intraday trade on the BSE on Wednesday, April 23, after the company announced it had secured new orders worth ₹ 1,116 crores from several government and institutional customers. Rajesh Power Services share price opened at ₹ 1,053 against its previous close of ₹ 1,057.20 and rose 18 per cent to an intraday high of ₹ 1,247. Around 2:40 PM, the small-cap stock traded 12.33 per cent higher at ₹ 1,187.50. Through an exchange filing during market hours on April 23, Rajesh Power said it had bagged new orders worth ₹ 1,116 crore from a "combination of government and institutional customers" in Gujarat. The company received a turnkey-based contract for the supply, installation, testing and commissioning of 11/22KV HT underground (cable)/overhead (MVCC) network in Gujarat. Besides, it received orders to design, engineering, manufacturing, supply erection, testing and commissioning of 220/66kV GIS/AIS substations in Gujarat. It also received orders to supply, erect, test and commission 132kv/66kv underground cable in Gujarat. The company said these orders are expected to be completed within 12 to 18 months. Rajesh Power Services' share price has been in the green for nine consecutive sessions, gaining 46 per cent. In April so far, the stock has gained 26 per cent after a 21 per cent gain in March. The small-cap stock hit its 52-week high of ₹ 1,270.30 on January 22 this year and a 52-week low of ₹ 636.50 on December 2 last year. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary. First Published: 23 Apr 2025, 02:29 PM IST
