Synopsis: Power stocks gained after companies secured large domestic orders totaling approximately ₹67.4 crore, spanning reactors, substations, and power transformers, with execution timelines ranging from 8 to 18 months.
Power sector stocks gained attention as several companies secured significant domestic orders, highlighting strong demand in transmission and transformer segments. The orders, valued collectively at around Rs 67.4 crore, cover high-voltage reactors, GIS substations, and power transformers, reflecting ongoing investments in grid infrastructure and energy transition projects. Execution timelines for these projects range from 8 to 18 months. Here are the power stocks that are in focus after receipt of an order today
Quality Power Electrical Equipment Limited (up by 1%)
Incorporated in 2001, Quality Power Electrical Equipment Limited is an Indian manufacturer serving global clients in the critical energy transition equipment and power technologies sector. The company provides high-voltage electrical equipment and solutions for electrical grid connectivity and energy transition, specializing in power generation, transmission, distribution, and automation sectors.
With a market capitalization of Rs 6,977 crore, the shares of this company on Thursday made a day high of Rs 910 per share, from its previous day’s close price of Rs 898.40 per share. The share trades at a P/E of 64.8x overvalued compared to the industry average
Quality Power Electrical Equipment Limited has received multiple conditional purchase orders from a domestic entity (name undisclosed due to NDA) for the supply of reactors, including 800 KV HVDC Class. These orders, subject to customer approval, carry a gross value of approximately Rs 57 crore (including taxes) and are expected to be executed over a period of around 18 months.
Rajesh Power Services Ltd (up by 3%)
Rajesh Power Services Ltd (RPSL), established in 1971 and headquartered in Ahmedabad, is a premier Indian EPC company specializing in high-voltage (HV/EHV) transmission, underground cabling, and substation projects. The company provides turnkey solutions, including design, construction, and maintenance for both traditional and renewable energy (solar) sectors
With a market capitalization of Rs 1,626 crore, the shares of this company on Thursday made a day high of Rs 913.75 per share, from its previous day’s close price of Rs 898.40 per share.
Rajesh Power Services Ltd has informed that it has emerged as the lowest (L1) bidder for a project awarded by Rajasthan Rajya Vidyut Prasaran Nigam Limited. The project involves the construction of a 132/33 KV, 2×50 MVA GIS substation at Hathi Bhata (Ajmer) along with associated transmission lines, including supply, installation, civil works, testing, and commissioning. The project is to be completed within 18 months from commencement.
Supreme Power Equipment Ltd (up by 6%)
Incorporated in 1994, Supreme Power Equipment Limited is engaged in manufacturing, upgrading, and renovating various types of transformers such as power transformers, generator transformers, windmill transformers, etc
With a market capitalization of Rs 363.62 crore, the shares of this company on Thursday made a day high of Rs 148.95 per share, from its previous day’s close price of Rs 140.05 per share. The share trades at a P/E of 17.5x, undervalued compared to the industry average
Supreme Power Equipment Ltd has secured a domestic order of Rs 10.40 crore from an EPC company in Karnataka for supplying 20 MVA, 110/33-11 kV power transformers. The order is scheduled for execution over a period of approximately eight months.
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