Rs 3,326 Crore Order Book: Multibagger Power EPC Company Bags Rs 653 Crore PGVCL Orders; Shares Jump 5%

On Thursday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.54 per cent to 24,011.40. Amid the broader market strength, Rajesh Power Services share price traded at Rs 859.80, up 4.98 per cent from the previous close after the company announced new orders worth Rs 653.12 crore from Paschim Gujarat Vij Company Ltd (PGVCL).

Rajesh Power Services Bags Rs 653 Crore Orders

Rajesh Power Services has secured turnkey contracts worth Rs 653.12 crore (including taxes) from PGVCL, a Government of Gujarat undertaking. As of Q4 FY26, the company's order book stood at Rs 3,326 crore, and the latest order further strengthens its execution pipeline in the power transmission and distribution segment.

The projects involve the conversion of existing 11kV High Tension (HT) and Low Tension (LT) overhead distribution networks into underground cable systems integrated with Ring Main Systems (RMS). The scope also includes GIS mapping and asset tagging as part of the modernisation of Gujarat's power distribution infrastructure.

Projects Across Four Gujarat Circles

The contracts will be executed across the Bhavnagar, Anjar, Junagadh and Porbandar circles in Gujarat. The projects aim to replace overhead electricity networks with underground cable infrastructure, enhancing power reliability while improving monitoring and asset management through GIS-enabled mapping.

The latest mandate further strengthens Rajesh Power Services' presence in underground power distribution projects and expands its portfolio of turnkey EPC contracts in the transmission and distribution sector.
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Management Commentary

Commenting on the development, Mr Kurang Panchal, Managing Director, Rajesh Power Services Limited, said: "The award of Rs 653.12 crore worth of orders from PGVCL is a strong endorsement of Rajesh Power Services Limited's execution capabilities, technical expertise, and proven track record in delivering complex power infrastructure projects. These orders further reinforce our leadership in underground power distribution projects and our ability to execute large-scale, time-bound assignments with the highest standards of quality and safety. We are proud to partner with PGVCL in strengthening Gujarat's power distribution network and remain committed to creating long-term value for all our stakeholders."

About Rajesh Power Services

Rajesh Power Services Ltd is an engineering, procurement and construction (EPC) company engaged in power transmission and distribution infrastructure projects. The company specialises in turnkey execution of substations, transmission lines, underground cabling and power distribution projects across India.

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Disclaimer: The article is for informational purposes only and not investment advice.