Rajesh Power Services secures Rs471.92 Cr turnkey contract from MGVCL; order book nears Rs4,000 Cr
India, Oct. 12 -- The Ahmedabad-based power transmission and distribution contractor has picked up a big assignment from a Gujarat state utility, and the timing matters. Its books were filling up after a year in which revenue grew by more than half. The new contracts run for about a year and a half and bring its pipeline close to a notable milestone. How the order affects its earnings and cash is the part worth watching. Margins, payment timing and execution speed will decide what reaches profit.
Shares of Rajesh Power Services Ltd closed at Rs. 765.40, up 4.44 percent on Monday. The stock touched the intraday high of Rs. 789.00 after opening at Rs. 747.00 before slipping to a low of Rs. 745.00. The company commands a market capitalizati...
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