Rajesh Power Services Ltd. is up 6.43% to Rs 780.0, building on recent momentum and showing a 5.74% gain over the last week.
Rajesh Power Services Limited announced it has received an order from Madhya Gujarat Vij Company Limited (MGVCL) for Rs 471.92 Crores (including taxes) to convert 11kV overhead lines to Medium Voltage Covered Conductor (MVCC) and underground networks across various locations in Gujarat under the MGVCL Under S I Scheme Robust -III. The turnkey contract, awarded to the company in the normal course of business, is expected to be executed within 18 months, and does not involve any related party transactions.
Rajesh Power Services Ltd. shares saw a trading volume of 25500 today, a decrease of 11.15% from the one-week average volume. Rajesh Power Services Ltd. tumbled by 49.38% year-over-year, underperforming the 10.57% loss registered by the NIFTY50 index.
