Latest news with #MVCC
Business Standard
08-07-2025
- Business
- Business Standard
Rajesh Power Services jumps on securing Rs 220-cr order from MGVCL
Rajesh Power Services rose 3.70% to Rs 1,400 after the company announced that it has secured an order worth Rs 220.18 crore from Madhya Gujarat Vij Company (MGVCL), Vadodara, Gujarat. The order is for a turnkey project involving the supply, installation, testing, and commissioning of 11 kV Medium Voltage Covered Conductor (MVCC) under two key state schemesKisan Suryoday Yojana (KSY) and Vanbandhu Kalyan Yojana (VKY-2). The project is scheduled to be completed within 9 months. Rajesh Power Services (RPSL) provides consultancy to state transmission and distribution companies, private utilities, and industries. On a full-year basis, the companys net profit surged 285.5% to Rs 26.02 crore on a 37.5% jump in net sales to Rs 284.97 crore in FY25 over FY24.
Business Standard
08-07-2025
- Business
- Business Standard
Rajesh Power Services wins orders worth Rs 220.18 cr
From Madhya Gujarat Vij Company (MGVCL),VadodaraRajesh Power Services has received orders worth Rs 220.18 crore from Madhya Gujarat Vij Company (MGVCL),Vadodara, Gujarat for Turnkey Contract for Supply, Installation, Testing and Commissioning of 11KV Medium Voltage Covered Conductor (MVCC) at various locations under Kisan Suryoday Yojana (KSY) Scheme and Vanbandhu Kalyan Yojana (VKY -2) by Capital Market - Live News
Business Upturn
08-07-2025
- Business
- Business Upturn
Rajesh Power secures Rs 220 crore turnkey contract from MGVCL
By Aman Shukla Published on July 8, 2025, 11:03 IST Rajesh Power Services has secured a significant order from Madhya Gujarat Vij Company Limited (MGVCL), based in Vadodara, Gujarat. The contract involves a turnkey project for the supply, installation, testing, and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) lines. These works will be carried out across various locations under two key state-backed initiatives: the Kisan Suryoday Yojana (KSY) and the Vanbandhu Kalyan Yojana (VKY -2). The project is entirely domestic in nature and forms part of the company's routine business operations. The total value of the order stands at ₹220.18 crore, and the execution is expected to be completed within a period of nine months. This development further strengthens Rajesh Power's footprint in the infrastructure and electrification segment, especially in rural and underserved regions of Gujarat. The company also confirmed that this order does not fall under related party transactions, and none of its promoter group entities have any involvement with the awarding authority. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Focus Malaysia
16-06-2025
- Business
- Focus Malaysia
Vape ban will backfire: Industry, consumer advocates urge gov't to enforce regulations instead
AS Pahang becomes the latest Malaysian state to announce a ban on vape products, industry and consumer representatives are calling for a more balanced approach. They are urging the relevant authorities to focus on enforcing existing federal regulations under the Control of Smoking Products for Public Health Act 2024 (Act 852) instead of implementing blanket bans that risk worsening public health and safety. The Malaysian Vape Chamber of Commerce (MVCC) and the Consumer Choice Centre (CCC) Malaysia have both voiced serious concern over the growing trend of state-level vape bans. Both warned that such measures will not eliminate vaping but will instead push the activity underground, benefiting black market operators and endangering consumers. 'The vape industry in Malaysia is not a fringe sector. It is a legitimate, regulated industry that contributes significantly to the economy,' the Malaysian Vape Chamber of Commerce (MVCC) secretary-general Ridhwan Rosli told FocusM. 'According to the Malaysian Vape Industry Study 2023, the industry was valued at RM3.48 bil, employing 31,500 workers and supported by 7,500 general retail shops and 2,500 specialty vape shops. 'These are real jobs, real businesses and real livelihoods that are now at risk because of these state bans.' Lacking enforcement Instead of banning vape products outright, Ridhwan urged state governments to work with the federal government to enforce Act 852 which provides a clear framework to regulate the sale, marketing and manufacturing of vape products in Malaysia. 'Vape retailers have already submitted the necessary documentation to the Health Ministry (MOH) to comply with product registration and price approval requirements with approvals expected anytime now,' he lamented. 'This clearly shows that legal industry players are ready and fully supportive of Act 852. We should be focusing on rolling out and enforcing Act 852 instead of sidelining it through outright bans.' Ridhwan further expressed concern that enforcement has not yet caught up with the law despite legal industry players being fully prepared to comply with Act 852. 'In fact, we've been pushing for these regulations for years because we believe in responsible business practices,' he justified. 'But when bans are imposed, it punishes the compliant legal players and creates a vacuum that illegal and unregulated vendors will quickly fill. 'The bad actors are the ones operating in the shadows to distribute vape products containing illicit substances. A ban won't stop them; it will just give them more customers.' Harm reduction compromised Echoing similar concerns, the Consumer Choice Centre (CCC) has also highlighted the dangers of pushing consumers to the black market. 'When state governments ban access to legal, regulated products, consumers don't stop using them but they simply lose the protection of safety standards and quality control,' opined CCC's Malaysia country associate Tarmizi Anuwar. 'The black market becomes the only option, and that's where real harm begins. Products with unknown ingredients, unregulated nicotine levels and dangerous additives become widespread. That's a far greater risk to public health.' Tarmizi went on to urge Malaysia to focus on harm reduction as a central public health strategy. 'Millions of Malaysians are still smoking cigarettes when vape has been a proven tool to help many of them transition away from combustible tobacco. By banning vape, we risk reversing that progress by driving smokers back to far more harmful products,' he warned. He also stressed the need for both the federal and state authorities to work together to ensure Act 852 is effectively enforced, particularly at retail points of sale through proper licensing, age verification mechanisms and routine inspections. View this post on Instagram A post shared by Berita RTM (@beritartm) 'If states truly want to protect public health, they must regulate – not prohibit. Enforcement is key, not prohibition.' With Johor and Kelantan having had long-standing bans in place since 2016, and now Terengganu and Perlis set to implement similar prohibitions from Aug 1 1, MVCC and CCC warn that Malaysia risks creating a fragmented regulatory landscape that undermines national policy coherence. 'We urge state governments to re-consider,' reasoned Tarmizi. 'Let's give the new regulations under Act 852 a chance to work. 'Let's strengthen enforcement, crack down on the black market and support responsible businesses that are committed to harm reduction. Bans may seem like an easy fix but they will only create bigger problems down the road.' – June 16, 2025
&w=3840&q=100)
Business Standard
13-06-2025
- Business
- Business Standard
Smallcap electrical cables stock surges 29% in 2 days, zooms 86% in 5 weeks
Advait Energy Transitions share price today Advait Energy Transitions shares hit a nine-month high of ₹2,146 on the BSE today, ralling 11 per cent in the intraday trade, amid heavy volumes, in an otherwise weak market. In the past two trading days, the stock price of the smallcap electrical cables company has surged 29 per cent, while in the past four trading days it has soared 37 per cent on the BSE. Further, in the past five weeks, Advait Energy Transitions market price has appreciated by 85 per cent from a level of ₹1,153.10, which it touched on May 9, 2025. At 10:11 AM, the stock was quoting 7 per cent higher at ₹2,066.95 as compared to 1 per cent decline in the BSE Sensex. Currently, Advait Energy Transitions is trading at its highest level since September 2024. It had hit a 52-week high of ₹2,260 on July 19, 2024. What's driving Advait Energy Transitions share price? On May 29, 2025, Advait Energy Transitions informed the stock exchanges that the company has received a Letter of Acceptance (LoA) for turnkey contract (supply, installation, testing and commissioning) of 11 KV 55mm2 AAAC Medium Voltage Covered Conductor (MVCC) with its accessories (poles and its fabrications to be supplied by DGVCL) in jurisdiction area of Dakshin Gujarat Vij Co. Ltd. (DGVCL) under Vanbandhu Kalyan Yojana (VKY-2) Scheme. The contract size is worth of ₹50 crore and is to be executed within 15 months. Previously, on May 16, Advait Greenergy Private Limited, a subsidiary of Advait Energy Transitions, informed that the company has accepted various purchase order(s) worth of ₹129.39 crore in normal course of business, for Project EPCC work to design, engineer, supply, and test 67.5 MWp Solar Ground Mounted, including material supplies, BOS and various services at Khavda, Kutch, Gujarat. The company received the said orders from KPI Green Energy which is to be executed within six months. On May 14, Advait Energy Transitions said the company has accepted order(s) amounting of ₹86.14 crore, in the normal course of business, for supply of goods contract for Package OPGW-04: Optical Ground Wire (OPGW) supply & installation package for various transmission lines PAN India locations under BULK IMPLEMENTATION (supply + erection) for OPGW and communication equipment by Power Grid Corporation of India Limited. The time for completion for establishment of each OPGW Link under the scope of this package shall be 12 months from date of issuance of its Lot wise Implementation Instructions, the company said. Motilal Oswal Financial Services view on Cables and Wires India has witnessed a robust growth in the cables & wires (C&W) exports over the past five years, recording a compounded annual growth rate (CAGR) of ~19 per cent over FY20-25, with strong demand from markets like the US, Europe, and Middle East. Companies are increasingly securing product-level certifications that are crucial for expanding exports. Global investments in power infrastructure, renewable energy, and Transmission & Distribution (T&D) networks are creating sustained demand for LMV (Low Medium Voltage) cables and MV (Medium Voltage) cables, where Indian players have strong capabilities and cost advantages. About Advait Energy Transitions Advait Energy Transitions is a global leader in power transmission, distribution, substations, and telecommunication infrastructure. Additionally, Advait is providing EPC solutions for live line projects reconductoring projects, upgradation in transmission network infrastructure, GH2 solutions, ground mounted solar solutions and Battery Energy Systems Solutions (BESS). The company's core competencies include the manufacturing and supply of Stringing Tools, ACS Wires, OPGW Cables, Emergency Restoration Systems (ERS), Optical Fibre Cables, and a comprehensive range of insulators. In recent years, Advait has strategically expanded into the new and renewable energy space. It is actively developing projects in Green Hydrogen (including a 300 MW manufacturing capacity under the Government of India's Production Linked Incentive (PLI) scheme), Battery Energy Storage Systems (50 MW), and Solar Power integration (200+ MW).
