Latest news with #RajeshPowerServices'
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
Business Standard
23-04-2025
- Business
- Business Standard
RPSL spurts after securing Rs 1,116-cr orders
Rajesh Power Services (RPSL) surged 15.92% to Rs 1,225.50 after the company announced that it has secured new orders worth Rs 1,116 crore from a mix of government and institutional customers. The project involves a turnkey contract in Gujarat for the supply, installation, and commissioning of 11/22 kV HT underground and overhead networks, 220/66 kV GIS/AIS substations, and 132 kV/66 kV underground cables, aimed at strengthening the states power infrastructure. The order, valued at Rs 1,116 crore, is expected to be completed within 12 to 18 months. Rajesh Power Services' current market capitalization on the BSE stands at Rs 2,124.87 crore. Rajesh Power Services (RPSL) provides consultancy to state transmission and distribution companies, private utilities, and industries. On full-year basis, the companys net profit surged 285.5% to Rs 26.02 crore on 37.5% jump in net sales to Rs 284.97 crore in FY25 over FY24.
