SME matches performances of listed companies
Ahmedabad-based Rajesh Power Services Limited (BSE Code: 544291) 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 https://www.conexpoconagg.com/.
The orders also include contracts for the supply, erection, testing and commissioning of 132kvV66kV underground cable in Gujarat.
Key Highlights:
Rs.1,116 crore in new orders secured by Rajesh Power Services from government and institutional clients.
IPO in Nov 2024 at Rs.335; shares now at Rs.1,268.60.
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 https://ted.europa.eu/en/.
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 company’s market cap was Rs.2,284 crores https://sbi.com.in/.
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. Fiinews.com
