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Rajesh Power Services Limited secures Rs 362.82 crore contract from PGVCL for underground cabling in Jamnagar

(04-Aug-26   10:22)

Rajesh Power Services Ltd is currently trading at Rs 854.6, down 0.64%, while the stock has risen 2.38% over the last week. Rajesh Power Services Limited has received a turnkey contract from Paschim Gujarat Vij Company Limited (PGVCL) for Rs 362.82 crores (including taxes) to convert existing power lines into an underground cable network in Jamnagar City-2 Division. The project, awarded on August 4, 2026, involves a 24-month execution period and is considered to be within the normal course of business, with no related party interest involved. The company disclosed the information in compliance with SEBI’s Listing Regulations. Rajesh Power Services Ltd. shares saw a trading volume of 25800 today, a surge of 66.45% compared to the average volume over the last one week. Rajesh Power Services Ltd. tanked by 42.62% year-over-year, underperforming the NIFTY50 index which gained 0.21%.