5 days ago
Rajesh Power Services bags R 59.79 crore contract from GIFT Power Company
Rajesh Power Services has bagged a significant order worth ₹59.79 crore from GIFT Power Company Limited for the design and execution of a comprehensive distribution and backup power system in Gujarat's GIFT City. This project spans both the SEZ (Special Economic Zone) and DTA (Domestic Tariff Area) zones of India's first operational smart city, located in Gandhinagar.
The contract includes three main components: Part A and Part B focus on establishing reliable grid and backup power supply systems in the SEZ and DTA zones, while Part C covers the expansion of substation feeder lines within the DTA area. The scope of work is extensive and aligns with GIFT City's mission to enhance critical infrastructure and ensure uninterrupted power supply to its commercial and residential developments.
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This is a purely domestic contract and does not involve any related party transactions, nor does it include any interest from the promoter group. The execution timeline for this order is set at 18 months.
