Latest news with #RPSL
Business Standard
5 days ago
- Business
- Business Standard
Rajesh Power gains on securing Rs 60-cr order for power project in Gandhinagar
Rajesh Power Services (RPSL) added 1.12% to Rs 1,525 after the firm has received orders worth Rs 59.79 crore from Gift Power Company for distribution & backup power system in SEZ Area & DTA Area of GIFT City, Gandhinagar, Gujarat. The contract awarded covers the development of distribution and backup power systems in the SEZ and DTA zones of GIFT City. 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 Citys growing infrastructure. The nature of the contract pertains to a power supply arrangement within GIFT City. This is a domestic order with a total contract value of Rs 59.79 crore. The project is scheduled to be executed over a period of 18 months, encompassing the development and installation of both grid and backup power systems across the SEZ and DTA zones of the city. The company confirmed that the promoter, promoter group, or group companies have no interest in the entity that awarded the contract, and therefore the disclosure is not applicable. Additionally, the contract does not fall under related party transactions, making the question of arms length pricing not applicable. 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.
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Business Standard
13-06-2025
- Politics
- Business Standard
DG Shipping asks seafarers in Iran ports to exercise due caution
The Directorate General of Shipping on Friday advised all Indian seafarers and Indian-flagged vessels operating in Iranian ports or transiting through the Strait of Hormuz to exercise due caution, following Israel's launch of an attack on Iran. India's maritime regulator, in an advisory, also said seafarers should remain vigilant, avoid unnecessary movement, and follow local safety protocols. Shipping companies, RPSL agencies, and maritime stakeholders (INSA, FOSMA, MASSA) are requested to actively monitor crew safety and stay updated via official channels, it added. According to international reports, Israel has carried out strikes at various places in Iran. "We are deeply concerned at the recent developments between Iran and Israel. We are closely monitoring the evolving situation, including reports related to attacks on nuclear sites," the MEA said in the statement As the situation in West Asia escalated, India urged "both sides to avoid any escalatory steps". The MEA said, "existing channels of dialogue and diplomacy should be utilised to work towards a de-escalation of the situation and resolving underlying issues". India asserted that it enjoys "close and friendly relations" with both countries and "stands ready to extend all possible support". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
04-06-2025
- Business
- Business Standard
Rajesh Power rises on securing MGVCL contracts as L1 bidder
Rajesh Power Services (RPSL) added 1.98% to Rs 1,335.50 after the company has been declared the successful bidder (L1) for multiple projects under the Madhya Gujarat Vij Company (MGVCL). These include a turnkey contract for the supply, installation, testing, and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) at various locations under the Kisan Suryoday Yojna (KSY) Scheme. Additionally, the company has secured two more contracts under the VKY-2 Scheme for the supply and installation of 11KV MVCC in Bodeli & Dabhoi Division and Dahod & Lunawada Division. These projects are expected to enhance the distribution network in the region, further strengthening the companys position in the power and infrastructure sectors. 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.
Time of India
28-04-2025
- Business
- Time of India
Rajesh Power Services secures major orders worth ₹1,116 crores
Rajesh Power Services Limited (BSE Code: 544291), a prominent EPC contractor in the power transmission & distribution segment, has received fresh orders of ₹ 1,116 crores from a combination of government and institutional clients, underscoring the company's robust capabilities and growing presence. The orders also include contracts for the supply, erection, testing, and commissioning of 132kvV66kV underground cable in Gujarat. Key Highlights: ₹1,116 crore in new orders secured by Rajesh Power Services from government and institutional in Nov 2024 at ₹335; shares now at ₹1,268.60SME company delivering mainboard-level performance. The projects are expected to be completed within 12 to 18 months, providing strong revenue visibility and operational momentum for Rajesh Power Services. Although classified as an SME company, Rajesh Power Services continues to deliver performances on par with companies listed on the mainboard. The receipt of such a significant order reinforces the company's strong operational and financial potential. With this development, there is a high possibility of excellent financial results in the upcoming quarters. Rajesh Power Services came out with its ₹ 160.50 crore IPO in November 2024 by issuing shares at ₹ 335 apiece. The shares have delivered multi-baggers returns since, and the price closed at ₹ 1,268.60 on Wednesday. The company's market cap was ₹ 2,284 crores. About Rajesh Power Services Limited (RPSL) RPSL is one of the leading specialized Engineering, Procurement & Construction (EPC) companies engaged in the Power Transmission & Distribution Sector. RPSL provides its services across various verticals, including Turnkey execution of GIS Substations, AIS Substations, Extra High Voltage Power Cables and Transmission Lines, and the Construction of Distribution Systems. A concentrated, customer-focused approach and the mission to deliver top-class quality have enabled RPSL to maintain its position in its core business area for over five decades. The company caters to government and institutional customers across India.
Business Standard
23-04-2025
- Business
- Business Standard
Rajesh Power Services secures major orders worth Rs. 1,116 crores
PNN Ahmedabad (Gujarat) [India], April 23: Rajesh Power Services Limited (BSE Code: 544291), a prominent EPC contractor in the power transmission & distribution segment, has received fresh orders of Rs. 1,116 crores from a combination of government and institutional clients, underscoring the company's robust capabilities and growing presence. The newly secured contracts include a turnkey-based contract for the supply, installation, testing and commissioning of 11/22kV HT underground (cable) and overhead (MVCC) networks in Gujarat, and design, engineering, manufacturing, supply, erection, testing and commissioning of 220/66kV GIS/AIS substations in the state. The orders also include contracts for the supply, erection, testing and commissioning of 132kvV66kV underground cable in Gujarat. Key Highlights: * Rs1,116 crore in new orders secured by Rajesh Power Services from government and institutional clients. * IPO in Nov 2024 at Rs335; shares now at Rs1,268.60 * SME company delivering mainboard-level performance. The projects are expected to be completed within 12 to 18 months, providing strong revenue visibility and operational momentum for Rajesh Power Services. Although classified as an SME company, Rajesh Power Services continues to deliver performances on par with companies listed on the mainboard. The receipt of such a significant order reinforces the company's strong operational and financial potential. With this development, there is a high possibility of excellent financial results in the upcoming quarters. Rajesh Power Services came out with its Rs. 160.50 crore IPO in November 2024 by issuing shares at Rs. 335 apiece. The shares have delivered Multi-baggers returns since and price closed at Rs. 1,268.60 on Wednesday. The company's market cap was Rs. 2,284 crores. About Rajesh Power Services Limited (RPSL): RPSL is one of the leading specialized Engineering, Procurement & Construction (EPC) companies engaged in the Power Transmission & Distribution Sector. RPSL provides its services across various verticals, including Turnkey execution of GIS Substations, AIS Substations, Extra High Voltage Power Cables and Transmission Lines, and the Construction of Distribution Systems. A concentrated, customer-focused approach and the mission to deliver top-class quality have enabled RPSL to maintain its position in its core business area for over five decades. The company caters to government and institutional customers across India.
