Rs 3,628 crore order book: Rajesh Power Services Ltd bags orders worth Rs 921.89 crore from UGVCL

Rajesh Power Services Limited (RPSL), a prominent EPC contractor in the Power Transmission & Distribution sector, announced that it has secured new turnkey orders worth Rs. 921.89 crore (including Taxes) from the Gujarat state-run power distribution company, Uttar Gujarat Vij Company Limited (UGVCL). These significant projects involve the crucial work of converting existing 11kV HT overhead networks into underground cable systems and the installation of 11kV Medium Voltage Covered Conductors (MVCC). This infrastructure upgrade will be implemented across several locations within UGVCL's jurisdiction, specifically the Himmatnagar, Palanpur, Mehsana, and Sabarmati Circles in Gujarat. The Managing Director of RPSL, Mr Kurang Panchal, expressed gratitude for the partnership, stating that the projects reflect the company's commitment to enhancing power distribution infrastructure and supporting the region's energy needs.

The new UGVCL orders strengthen RPSL's position in the region's energy sector, building on its recent successes. Last month, the company also secured orders totalling Rs 143.11 crore from Dakshin Gujarat Vij Company Limited (DGVCL). Furthermore, RPSL recently received landmark orders worth Rs 278 crore, which included a segment for a 400 kV Gas-Insulated Substation (GIS), from a combination of government and private customers. These consecutive major project wins, particularly the substantial UGVCL contract, underscore Rajesh Power Services Limited's recognised expertise and growing role in modernising and making the power transmission and distribution network throughout Gujarat more reliable.

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 2,800 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 140 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.