Rajesh Power Services Ltd

The GETCO contract, valued at Rs 40.08 crore, involves the supply, installation, testing, and commissioning of a 220 kV underground cable at the proposed 220 kV Dholera Substation. The project is slated for completion within six months. The second contract, awarded by East Central Railway and valued at Rs 45.16 crore, pertains to the design, supply, erection, testing, and commissioning of a 132 kV transmission line and associated line bays at the GSS Nabinagar substation. This project will be executed in joint venture with a private company and is scheduled for completion in 18 months. Both contracts are fully domestic, fall under turnkey execution, and do not involve any related-party transactions. The company confirmed that neither the promoters nor the promoter group holds any interest in the awarding entities. Rajesh Power Services provides consultancy to state transmission and distribution companies, private utilities, and industries. The company's consolidated net profit surged 119.84% to Rs 58.06 crore on a 103.74% jump in net sales to Rs 637.81 crore in Q2 FY26 over Q2 FY25. Shares of Rajesh Power Services tanked 4.91% to currently trade at Rs 1,306 on the BSE. Powered by Capital Market - Live

Rajesh Power Services has received the following orders: - 1. Supply, Installation, Testing & Commissioning of 220kV Underground Cable at proposed 220kV Dholera Substation from Gujarat Energy Transmission Corporation (GETCO) aggregating to Rs 40.08 crore and 2. Design, Supply, Erection, Testing & Commissioning of 132kV Transmission Line and associated Line Bays at GSS Nabinagar (in Joint Venture with a Private Company) from East Central Railway aggregating to Rs 45.16 crore. Powered by Capital Market - Live

Rajesh Power Services will hold a meeting of the Board of Directors of the Company on 13 November 2025.Powered by Capital Market - Live

Rajesh Power Services has received order from Gujarat Energy Transmission Corporation (GETCO) for turnkey project of Rs 24.57 cr for supply, erection, testing & commissioning of 220kV DC line at Radhanesda, Gujarat with AL-59 (61/3.50) conductor on turnkey basis.Powered by Capital Market - Live

Rajesh Power Services has received orders from Uttar Gujarat Vij Company (UGVCL) for turnkey projects for Conversion of existing 11kV HT overhead networks into underground cable systems and Installation of 11kV Medium Voltage Covered Conductors (MVCC) across multiple locations in Gujarat. The orders are worth Rs 921.89 crore. Powered by Capital Market - Live

The MoUs entail a cumulative investment of Rs 4,754 crore and are focused on the execution of turnkey infrastructure projects across the state. As part of the agreement, Ahmedabad-based RSPL will undertake large-scale conversion of overhead high-tension (HT) lines into underground cable networks in various regions of Gujarat. The projects are expected to create employment opportunities for over 33,000 people in the coming years, reinforcing the state government's emphasis on inclusive economic growth and skill development. This collaboration marks a significant step in modernizing Gujarat's power infrastructure while contributing to its long-term development goals. Kurang Panchal, MD, Rajesh Power, said, 'We are delighted to be a part of the Vibrant Gujarat Regional Conference 2025 being held at Mehsana in Gujarat, and extend our sincere gratitude to the Government of Gujarat for their continued trust and support. Each of these MoUs signed today marks a significant step toward strengthening the state's robust power distribution infrastructure and enhancing reliability for communities across the region. We remain fully committed to executing every project with dedication and excellence, ensuring timely delivery and efficiency in implementation. Together, these initiatives will lay the foundation for future-ready energy solutions and further reinforce Gujarat's position as a leader in power sector transformation.' Rajesh Power Services provides consultancy to state transmission and distribution companies, private utilities, and industries. On a full-year basis, the company's net profit surged 285.5% to Rs 26.02 crore on a 37.5% jump in net sales to Rs 284.97 crore in FY25 over FY24. Powered by Capital Market - Live

The contract involves the conversion of the existing 11kV HT network to underground cable/MVCC under the SI scheme in the jurisdictions of Mehmedabad, Anand, Petlad, and Nadiad. As per the company's statement, the order is to be executed within 12 months. The company also clarified that neither its promoters nor promoter group entities have any interest in the awarding authority and the transaction does not qualify as a related party transaction under applicable regulations. Rajesh Power Services provides consultancy to state transmission and distribution companies, private utilities, and industries. On a full-year basis, the company's net profit surged 285.5% to Rs 26.02 crore on a 37.5% jump in net sales to Rs 284.97 crore in FY25 over FY24. Powered by Capital Market - Live

Rajesh Power Services has received order worth Rs 95 crore for supply, installation, testing & commissioning of 400kV/33kV & 66kV/33kV GIS Substations in Gujarat. Powered by Capital Market - Live

Rajesh Power Services  has received order from Madhya Gujarat Vij Company (MGVCL) for turnkey contract for conversion of existing 11kV HT network to underground cable/MVCC under SI scheme in jurisdictions of Mehmedabad, Anand, Petlad and Nadiad under MGVCL. The value of the order is 182.62 crore and is expected to be completed in 12 months. Powered by Capital Market - Live

Rajesh Power Services has received order from Dakshin Gujarat Vij Company (DGVCL) for turnkey contract for conversion of existing 11/22kV HT Network to underground cable/MVCC under SI scheme at Valsad City - Valsad Rural and Surat Rural under DGVCL. The order is valued at Rs 143.11 crore. Powered by Capital Market - Live