Rajesh Power Services Secures ₹1,628.74 Cr DGVCL Contracts

Rajesh Power Services Ltd has announced receiving significant turnkey contracts from Dakshin Gujarat Vij Company Limited (DGVCL) valued at ₹1,628.74 Crores (including taxes). These contracts involve the conversion of existing 11/22kV HT & LT Overhead Networks to Underground (UG) Cable Systems with SCADA-Compatible Equipments under the SI Scheme across various locations in DGVCL, Gujarat. The execution period for these contracts is 24 months. The company confirmed that the promoter/promoter group/group companies have no interest in DGVCL, and the contracts do not fall under related party transactions. This development is expected to bolster the company's order book and revenue streams.