Rs 3,741 Crore Order Book: This Power Transmission EPC Company Reports Rs 437 Crore Q1 Revenue; Check Details

On Thursday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 60.75 points or 0.25 per cent to 24,139.25, while Rajesh Power Services share price gained 2.12 per cent or Rs 17.95 to Rs 863.95 during the trading session after the company announced its business update for the quarter ended June 30, 2026.

Rajesh Power Q1 FY27 Revenue Stands at Rs 437 Crore

Rajesh Power Services reported revenue from operations of Rs 436.62 crore for the first quarter of FY27. The company also disclosed that its unexecuted order book stood at Rs 3,741.79 crore (including L1) as on June 30, 2026, providing healthy revenue visibility for the coming quarters.

Rajesh Power Enters Odisha With Major Transmission Project

During the quarter, the company marked its entry into Odisha by securing one of its largest transmission orders worth Rs 211.68 crore (including taxes) from Odisha Power Transmission Corporation Limited (OPTCL).

The project involves the construction of a 220 kV underground transmission cable connecting the Mendhasal Grid Substation (GSS) with the Chandaka B Gas Insulated Substation (GIS). The scope also includes the extension of the AIS bay at Mendhasal and the GIS bay at Chandaka B.

Rajesh Power Bags Rs 653 Crore Underground Power Distribution Order

Rajesh Power Services also secured Rs 653.12 crore (including taxes) worth of underground power distribution projects from Paschim Gujarat Vij Company Limited (PGVCL).

The contract involves converting the existing 11 kV High Tension (HT) and Low Tension (LT) overhead network into an underground cable network with Ring Main Systems, GIS mapping and asset tagging across the Bhavnagar, Anjar, Junagadh and Porbandar circles of Gujarat.
Also Read - Rs 224 Crore Order- Book: Sol-ar EPC Stock Locked in 5% Upper --Circuit as Order Book Surpasses FY26 Revenue; Check Details

CRISIL Upgrades Rating Outlook

During the quarter, CRISIL revised the company's long-term rating outlook to 'Positive' from 'Stable', while reaffirming its CRISIL A- long-term credit rating.

About Rajesh Power

Rajesh Power Services Limited is one of India's leading specialised Engineering, Procurement and Construction (EPC) companies operating in the Power Transmission and Distribution sector. The company undertakes turnkey execution of GIS and AIS substations, extra-high-voltage power cables, transmission lines and distribution systems, serving government and institutional customers across India.

What are your views on Rajesh Power Services' Rs 3,742 crore order book and its expansion into Odisha with a major transmission project? Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.