Rajesh Power Services Limited has announced the receipt of a significant order valued at ₹59.79 crore from Gift Power Company Limited. The contract, disclosed on June 18, 2025, is for the establishment of a comprehensive Distribution & Backup power system within the Special Economic Zone (SEZ) Area and Domestic Tariff Area (DTA) of GIFT City, Gandhinagar. The company has stated that this order was received in the normal course of business.
| Particulars | Details |
|---|---|
| Name of the entity awarding the order(s)/ contract(s) | M/s Gift Power Company Limited, Gift City, Gandhinagar |
| Significant terms and conditions of order(s)/contract(s) awarded in brief | Distribution & Backup power system in SEZ Area & DTA Area of GIFT City. Part A: SEZ Area & DTA Area: Power Supply Arrangement for GRID Power in SEZ Area. Part B: SEZ Area & DTA Area: Power Supply Arrangement for Backup Power in SEZ Area. Part C: DTA Area: SS Feeder Expansion in DTA Area. |
| Whether order(s) / contract(s) have been awarded by domestic/ international entity | Domestic Entities |
| Nature of order(s) / contract(s) | Power Supply Arrangement |
| Whether domestic or international (execution) | Domestic |
| Time period by which the order(s)/contract(s) is to be executed | 18 Months |
| Broad consideration or size of the order(s)/contract(s) | ₹59.79 Crore |
| Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof | Not Applicable |
| Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at "arm's length" | Not Applicable |
Detailed Breakdown of the Order
The order secured by Rajesh Power Services Limited encompasses a multi-faceted project aimed at enhancing the power infrastructure within GIFT City. The work is divided into three key components:
- Part A: Focuses on the power supply arrangement for Grid Power within both the SEZ and DTA areas of GIFT City. This involves ensuring a stable and reliable supply from the main power grid.
- Part B: Pertains to the power supply arrangement for Backup Power, also covering both the SEZ and DTA areas. This component is crucial for ensuring uninterrupted power supply during any potential grid outages, vital for the critical operations within GIFT City.
- Part C: Involves the SS Feeder Expansion specifically within the DTA area of GIFT City. This suggests an upgrade or expansion of the substation feeder lines to accommodate growing power demands or to improve the existing distribution network.
Nature and Execution of the Contract
The contract, valued at ₹59.79 crore, is classified as a "Power Supply Arrangement." It has been awarded by a domestic entity, Gift Power Company Limited, and the execution of the project will also be domestic. Rajesh Power Services Limited has a timeline of 18 months to complete the specified work. The company has confirmed that there is no interest from its promoter, promoter group, or group companies in Gift Power Company Limited, and the transaction does not fall under related party transactions.
Regulatory Compliance and Disclosure
This intimation was made to the BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also adheres to SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023. The details of the order were provided as Annexure A to the filing.
The announcement was signed by Jyoti Dakshesh Mochi, Company Secretary and Compliance Officer of Rajesh Power Services Limited (Membership No. A39777).
Market Impact and Outlook
The receipt of a substantial order such as this is generally viewed positively by the market. It indicates healthy business development for Rajesh Power Services Limited and can contribute to its revenue stream over the execution period of 18 months. Securing projects in prominent developments like GIFT City can also enhance the company's profile and order book visibility. While the direct impact on the stock price (Scrip Code: 544291, ISIN Code: INE0VN801010) will depend on broader market conditions and investor perception, such news typically bolsters investor confidence in the company's operational capabilities and growth prospects.
