logo
Rajesh Power Services wins multiple 11KV MVCC contracts from MGVCL

Rajesh Power Services wins multiple 11KV MVCC contracts from MGVCL

Business Upturn04-06-2025

By Aman Shukla Published on June 4, 2025, 10:10 IST
Rajesh Power Services has been confirmed as the Lowest Bidder (L1) and successful bidder for multiple projects awarded by Madhya Gujarat Vij Company Limited (MGVCL). The contracts include turnkey work involving the supply, installation, testing, and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) across various locations.
The awarded projects are as follows:
Supply, installation, testing, and commissioning of 11KV MVCC under the Kisan Suryoday Yojna (KSY) scheme at different locations managed by MGVCL.
Similar turnkey work for 11KV MVCC in the Bodeli and Dabhoi divisions under the VKY-2 scheme of MGVCL.
Supply and installation of 11KV MVCC in the Dahod and Lunawada divisions, also part of the VKY-2 scheme under MGVCL.
These contracts involve medium voltage electrical infrastructure work aimed at improving power distribution in the specified regions.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The US military struck Iran with some of its most elusive weapons: stealth bombers and a hidden submarine
The US military struck Iran with some of its most elusive weapons: stealth bombers and a hidden submarine

Business Insider

time2 hours ago

  • Business Insider

The US military struck Iran with some of its most elusive weapons: stealth bombers and a hidden submarine

The US military relied on two of its most elusive and secretive combat platforms to carry out strikes on Iran's top nuclear facilities, a top general revealed Sunday. Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, said on Sunday that seven US Air Force B-2 Spirit stealth bombers dropped 14 heavy bunker-buster bombs on the facilities as part of a secret, highly complex operation the previous night. The flying-wing B-2, built by US aerospace company Northrop Grumman, features a unique low-observable stealth design that gives it the ability to penetrate enemy airspace heavily defended by surface-to-air missiles without being spotted. Caine told reporters that a US Navy guided-missile submarine also launched more than two dozen Tomahawk cruise missiles from an undisclosed location in the Middle East at Iranian targets. Caine didn't specify what type of submarine was involved in the mission against Iran. The Pentagon declined to disclose the name of the submarine that participated in the operation, and the Navy referred Business Insider to the White House, which did not immediately respond. Guided-missile submarine generally refers to the Navy's Ohio-class SSGNs, which can carry more than 150 BGM-109 Tomahawk Land Attack Missiles, subsonic jet-powered munitions that can be launched from the sea to strike targets over 1,000 miles away. General Dynamics Electric Boat builds the Navy's Ohio-class submarines. These stealthy undersea assets are made with streamlined hulls and quiet propulsion systems, among other technologies, for evading detection. The Ohios, however, are not the only US subs capable of launching Tomahawk missiles. The US military does not typically disclose details of its secretive missile subs, except when it is trying to send a message to adversaries and signal deterrence. President Donald Trump announced Saturday that the US had bombed the Fordow, Natanz, and Esfahan nuclear facilities in what he said was a "spectacular military success" that "completely and totally obliterated" Iran's key enrichment facilities. Beyond the B-2s and the lone submarine, Caine said the operation, called Midnight Hammer, also involved dozens of fighter jets and aerial refueling tankers. He said US forces used 75 precision-guided weapons against Iranian targets. The B-2s dropped 14 bunker-buster bombs — specifically, the GBU-57 Massive Ordnance Penetrator, or MOP, developed by the Air Force Research Laboratory in partnership with Boeing. The big 15-ton weapon is the US military's largest non-nuclear bomb and is regarded as the bomb best suited for hitting Iran's more protected nuclear facilities. The B-2 is the only operational aircraft that can carry the heavy MOP, though the new B-21 Raider will be able to as well. The Spirit can carry two of these munitions. Secretary of Defense Pete Hegseth said the strikes "devastated the Iranian nuclear program." The operation comes as Israeli forces have pounded Iran with relentless strikes over the past 10 days, with fighter jets targeting the country's nuclear program and military capabilities, including air defenses and missile launchers. Tehran has retaliated by launching hundreds of missiles and drones at Israel. Trump, over the past few days, had been weighing whether to join Israel in its bombing campaign. His administration has been tied up in efforts to reach a new nuclear deal with Iran, while Israeli Prime Minister Benjamin Netanyahu has preferred a military approach. He later praised Trump for the US strikes. The US involvement is an escalation in the conflict that could see Iran retaliate against US forces in the Middle East. The Pentagon has a large presence across the region, including warships, aircraft carriers, fighter jets, and ground troops that it says is intended to protect US interests. The president and Pentagon leadership is urging Iran to pursue peace and threatening continued attacks if they do not. It remains to be seen how Iran responds.

The US military struck Iran with some of its most elusive weapons — stealth bombers and a hidden submarine
The US military struck Iran with some of its most elusive weapons — stealth bombers and a hidden submarine

Business Insider

time4 hours ago

  • Business Insider

The US military struck Iran with some of its most elusive weapons — stealth bombers and a hidden submarine

The US military relied on two of its most elusive and secretive combat platforms to carry out strikes on Iran's top nuclear facilities, a top general revealed Sunday. Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, said on Sunday that seven US Air Force B-2 Spirit stealth bombers dropped 14 heavy bunker-buster bombs on the facilities as part of a secret, highly complex operation the previous night. The flying-wing B-2, built by US aerospace company Northrop Grumman, features a unique low-observable stealth design that gives it the ability to penetrate enemy airspace heavily defended by surface-to-air missiles without being spotted. Caine told reporters that a US Navy guided-missile submarine also launched more than two dozen Tomahawk cruise missiles from an undisclosed location in the Middle East at Iranian targets. Caine didn't specify what type of submarine was involved in the mission against Iran. The Pentagon declined to disclose the name of the submarine that participated in the operation, and the Navy referred Business Insider to the White House, which did not immediately respond. Guided-missile submarine generally refers to the Navy's Ohio-class SSGNs, which can carry more than 150 BGM-109 Tomahawk Land Attack Missiles, subsonic jet-powered munitions that can be launched from the sea to strike targets over 1,000 miles away. General Dynamics Electric Boat builds the Navy's Ohio-class submarines. These stealthy undersea assets are made with streamlined hulls and quiet propulsion systems, among other technologies, for evading detection. The Ohios, however, are not the only US subs capable of launching Tomahawk missiles. The US military does not typically disclose details of its secretive missile subs, except when it is trying to send a message to adversaries and signal deterrence. President Donald Trump announced Saturday that the US had bombed the Fordow, Natanz, and Esfahan nuclear facilities in what he said was a "spectacular military success" that "completely and totally obliterated" Iran's key enrichment facilities. Beyond the B-2s and the lone submarine, Caine said the operation, called Midnight Hammer, also involved dozens of fighter jets and aerial refueling tankers. He said US forces used 75 precision-guided weapons against Iranian targets. The B-2s dropped 14 bunker-buster bombs — specifically, the GBU-57 Massive Ordnance Penetrator, or MOP, developed by the Air Force Research Laboratory in partnership with Boeing. The big 15-ton weapon is the US military's largest non-nuclear bomb and is regarded as the bomb best suited for hitting Iran's more protected nuclear facilities. The B-2 is the only operational aircraft that can carry the heavy MOP, though the new B-21 Raider will be able to as well. The Spirit can carry two of these munitions. Secretary of Defense Pete Hegseth said the strikes "devastated the Iranian nuclear program." The operation comes as Israeli forces have pounded Iran with relentless strikes over the past 10 days, with fighter jets targeting the country's nuclear program and military capabilities, including air defenses and missile launchers. Tehran has retaliated by launching hundreds of missiles and drones at Israel. Trump, over the past few days, had been weighing whether to join Israel in its bombing campaign. His administration has been tied up in efforts to reach a new nuclear deal with Iran, while Israeli Prime Minister Benjamin Netanyahu has preferred a military approach. He later praised Trump for the US strikes. The US involvement is an escalation in the conflict that could see Iran retaliate against US forces in the Middle East. The Pentagon has a large presence across the region, including warships, aircraft carriers, fighter jets, and ground troops that it says is intended to protect US interests. The president and Pentagon leadership is urging Iran to pursue peace and threatening continued attacks if they do not. It remains to be seen how Iran responds.

It sounds sick, but Iran hostilities may be good for stocks
It sounds sick, but Iran hostilities may be good for stocks

Miami Herald

time9 hours ago

  • Miami Herald

It sounds sick, but Iran hostilities may be good for stocks

So, President Trump ordered B-2 bombers to drop bunker-busting bombs on three Iranian nuclear facilities late Saturday. He pronounced the result "a spectacular success," with Iran's nuclear enrichment facilities "completely and totally obliterated." There will be lots of media coverage Sunday and beyond on whether the operation worked and whether the United States will be dragged into a third war in the Middle East since 1991. Don't miss the move: Subscribe to TheStreet's free daily newsletter A question for investors, however, is this: How will stocks react? Related: Everyone should keep an eye on this Persian Gulf island There are some unknowns. There's been no verification that Iran's nuclear enrichment facilities are, in fact, totally obliterated. It's not clear if Iran will try to cut a deal to stop the Israeli and U.S. bombing or opt somehow to play a long game of defending itself with missile shots at Israel and U.S. military bases in the Middle East. Nonetheless, there's a good chance Wall Street will seize on the attacks as a prime stock-buying opportunity. That's what happened in 2003's Second Gulf War when U.S.-led forces invaded Iraq and toppled the dictatorial regime of Saddam Hussein. Related: Tesla releases new details about its next big deal Stocks started to tumble in late January 2003 as another war against Iraq became inevitable. The Standard & Poor's 500 Index was down as much as 9% for the year on March 11. But then investors started to believe the invasion would go well, and the S&P 500 started to recover. Indeed, when Baghdad fell on April 9, 2003, the index had recovered all the early losses and was up 8.2% from the March low. And stocks never looked back. The S&P 500 finished up 26.4% in 2023. The gain from the March 2003 low to year-end: 38%. Mirrorpix/Getty Images One will be able to see how investors and markets are looking at the conflict starting at 6 p.m. ET Sunday. That's when futures trading in the S&P 500, the Dow Jones industrials and the Nasdaq-100 starts. Gains like 2003 might not happen. Iran was lobbing missiles at the Israeli cities of Tel Aviv and Haifa into Sunday. And, so far, there's no hint that Iran's leadership wants a cease fire. A prolonged fight might be bad for stocks. Iran has missiles and drones to deploy. It could block off Strait of Hormuz, through which 25% of the world's crude oil is shipped. Blocking the strait would send global oil prices sharply higher and cause havoc for the global economy. in fact, oil prices already have reacted. As tensions have grown between Israel and Iran (and now the United States), crude oil has climbed 29.3% to $73.84 per 42-gallon barrel from a May 5 closing low. U.S. gasoline prices have risen, too, about 4% or so, to about $3.20 a gallon, according to Related: Major analysts predict oil prices if Strait of Hormuz blocked Oil companies would profit. In fact, stocks in the S&P 500's Energy Sector are up 9.2% so far in June, the best performance by any of the 11 S&P 500 sectors. Oil-and-gas producer APA Corp. (APA) , the sector leader is up 15.8% over the last month, according to data. Exxon Mobil (XOM) has jumped 9.3%; Chevron (CVX) is has risen almost 9%. More Experts Analyst makes bold call on stocks, bonds, and goldTheStreet Stocks & Markets Podcast #8: Common Sense Investing With David MillerVeteran fund manager sends dire message on stocks Theoretically, the first-quarter earnings seasons is done, but some of the late stragglers due this week are important. These include: FedEx (FDX) , after Tuesday's close. FedEx shares have struggled, but there is hope. The delivery giant is doing business again with (AMZN) , and its business overall is growing again. But shares are off nearly 20% this year because of tariff worries. Earnings are estimated to rise 8.9% from a year ago to $5.89 a share. Revenue will be off slightly at $21.8 giant Carnival Corp. (CCL) , before Tuesday's open. Between August 2024 and Jan. 30, the shares doubled to $28.49 because bookings were beyond terrific. Then, the shares fell 49%, thanks to the Trump tariff plan and the mini-stock panic. Carnival is back to $23.77. The quarterly revenue estimate of $6.2 billion is up 7.3% from a year ago. Earnings of 24 cents a share would be up 118%.Chip maker Micron Technology (MU) shares are up 47% this year, and Wall Street likes - no, loves - the stock, whose chips have carved out a lucrative spot in artificial intelligence. In fact, the shares are already ahead of one analyst's one-year price target. The revenue estimate is $8.8 billion, up nearly 30% from a year ago. Earnings of $1.59 a share would be up 156%.Nike (NKE) is having a challenging year. The shares are down 21% this year, third-worst among the Dow Jones industrial stocks. True, it's selling athletic wear and shoes again on but it is extremely vulnerable to the Trump tariff hikes. Barrons says Nike's factories in Vietnam, Indonesia and China manufacture 50%, 27% and 18% of all its footwear. (Yes, that adds up to 95% of production.) The Nike revenue estimate: $10.7 billion, down 15.1% from a year ago. Earnings of 12 cents would be down 88%. Related: Veteran fund manager who predicted April rally updates S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store