Rajesh Power trades higher on securing LoI from Gujarat Urja Vikas Nigam
Rajesh Power Services is currently trading at Rs. 1060.00, up by 4.30 points or 0.41% from its previous closing of Rs. 1055.70 on the BSE.
The scrip opened at Rs. 1065.00 and has touched a high and low of Rs. 1078.00 and Rs. 1051.00 respectively. So far 24000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 1639.00 on 22-Aug-2025 and a 52 week low of Rs. 740.00 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 1104.00 and Rs. 1006.00 respectively. The current market cap of the company is Rs. 1923.19 crore.
The promoters holding in the company stood at 73.40%, while Institutions and Non-Institutions held 3.84% and 22.76% respectively.
Rajesh Power Services has received Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for the development of 65 MW / 130 MWh Standalone Battery Energy Storage System (BESS) at Virpore in Gujarat under Tariff-Based Competitive Bidding (Phase -VII) with Viability Gap Funding supported through Power System Development Fund (PSDF), subject to execution of Battery Energy Storage Purchase Agreement (BESPA) and regulatory approvals. The order is to be executed within 18 months from the date of signing of BESPA.
Rajesh Power Services (RPSL) is amongst the largest players in the country, firmly established in the underground power transmission and infrastructure EPC space.
