Rs 3,628 crore order book: Power transmission & distribution company signs MoUs for projects worth Rs 4,754 crore with Government of Gujarat
DSIJ Intelligence-1 / 10 Oct 2025/ Categories: Multibaggers, Trending
The stock has given multibagger returns of over 150 per cent from its 52-week low of Rs 636.50 per share.
Rajesh Power Services Limited (RPSL), a leading EPC contractor in the Power Transmission & Distribution sector, signed multiple Memorandums of Understanding (MoUs) with the Government of Gujarat at the Vibrant Gujarat Regional Conference (VGRC) 2025. These MoUs, signed on the inaugural day of the conference in Mehsana, outline a significant cumulative investment of Rs 4,754 crore. The signing ceremony involved key representatives, including Mr Kaxil Patel, Director and CFO of RPSL, and Mr Ajay Prakash, IAS, Managing Director of Gujarat Power Corporation Limited.
The investment by RPSL is focused on crucial infrastructure modernisation within Gujarat. Specifically, the Ahmedabad-based company will establish and execute turnkey projects for the conversion of overhead High Tension (HT) Lines into underground cable networks across various regions of the state. This initiative directly supports Gujarat's vision for power sector reforms and infrastructure modernisation, affirming RPSL’s long-term commitment to the state's development.
A key highlight of these agreements is the significant potential for job creation. These projects are expected to generate employment for over 33,000 people in Gujarat over the coming years. This massive employment boost underscores the State Government’s commitment to fostering inclusive economic growth and skill development, which was a central theme of the VGRC 2025, inaugurated by Gujarat Chief Minister Shri Bhupendra Patel and Union Ministers.
About Rajesh Power Services Limited (RPSL)
RPSL is a premier Engineering, Procurement & Construction (EPC) firm specialising in the Power Transmission & Distribution Sector in India, offering comprehensive turnkey services for projects like GIS and AIS Substations, Extra High Voltage Power Cables, Transmission Lines, and Distribution Systems construction. With over five decades in its core business area, RPSL maintains its leading position by delivering top-class quality and focusing on its customer base of government and institutional clients nationwide.
The company has a market cap of over Rs 2,700 crore and as of May 15, 2025, the Order Book stands at Rs 3,628 crore. The shares of the company have a PE of 32x, an ROE of 51 per cent and an ROCE of 55 per cent. The stock has given multibagger returns of over 150 per cent from its 52-week low of Rs 636.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.