Rajesh Power Services Ltd

The order is for a turnkey project involving the supply, installation, testing, and commissioning of 11 kV Medium Voltage Covered Conductor (MVCC) under two key state schemes'Kisan Suryoday Yojana (KSY) and Vanbandhu Kalyan Yojana (VKY-2). The project is scheduled to be completed within 9 months. Rajesh Power Services (RPSL) 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 orders worth Rs 220.18 crore from Madhya Gujarat Vij Company (MGVCL),Vadodara, Gujarat for Turnkey Contract for Supply, Installation, Testing and Commissioning of 11KV Medium Voltage Covered Conductor (MVCC) at various locations under Kisan Suryoday Yojana (KSY) Scheme and Vanbandhu Kalyan Yojana (VKY -2) Scheme.Powered by Capital Market - Live

The contract awarded covers the development of distribution and backup power systems in the SEZ and DTA zones of GIFT City. As per the agreement, Part A involves setting up grid power supply infrastructure across both SEZ and DTA areas. Part B focuses on establishing backup power arrangements exclusively for the SEZ area, while Part C pertains to the expansion of substation feeders in the DTA zone. The project is aimed at enhancing the power reliability and operational readiness of GIFT City's growing infrastructure. The nature of the contract pertains to a power supply arrangement within GIFT City. This is a domestic order with a total contract value of Rs 59.79 crore. The project is scheduled to be executed over a period of 18 months, encompassing the development and installation of both grid and backup power systems across the SEZ and DTA zones of the city. The company confirmed that the promoter, promoter group, or group companies have no interest in the entity that awarded the contract, and therefore the disclosure is not applicable. Additionally, the contract does not fall under related party transactions, making the question of arm's length pricing not applicable. Rajesh Power Services (RPSL) provides consultancy to state transmission and distribution companies, private utilities, and industries. On full-year basis, the company's net profit surged 285.5% to Rs 26.02 crore on 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 bid confirmation of Lowest Bid at the L1 Stage, being declared as the Successful Bidder for the following various projects:- 1.  Turnkey Contract for Supply, Installation, Testing and Commissioning of 11KV Medium Voltage Covered Conductor (MVCC) at various locations under Kisan Suryoday Yojna (KSY) Scheme of Madhya Gujarat Vij Company (MGVCL). 2. Turnkey Contract for Supply, Installation, Testing and Commissioning of 11KV Medium Voltage Covered Conductor (MVCC) in Bodeli & Dabhoi Division under VKY-2 Scheme of Madhya Gujarat Vij Company (MGVCL). 3. Turnkey Contract for Supply, Installation, Testing and Commissioning of 11KV Medium Voltage Covered Conductor (MVCC) in Dahod & Lunawada Division under VKY-2 Scheme of Madhya Gujarat Vij Company (MGVCL). Powered by Capital Market - Live

These include a turnkey contract for the supply, installation, testing, and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) at various locations under the Kisan Suryoday Yojna (KSY) Scheme. Additionally, the company has secured two more contracts under the VKY-2 Scheme for the supply and installation of 11KV MVCC in Bodeli & Dabhoi Division and Dahod & Lunawada Division. These projects are expected to enhance the distribution network in the region, further strengthening the company's position in the power and infrastructure sectors. Rajesh Power Services (RPSL) provides consultancy to state transmission and distribution companies, private utilities, and industries. On full-year basis, the company's net profit surged 285.5% to Rs 26.02 crore on 37.5% jump in net sales to Rs 284.97 crore in FY25 over FY24. Powered by Capital Market - Live

Rajesh Power Services announced that the Board of Directors of the Company at its meeting held on 15 May 2025, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Rajesh Power Services will hold a meeting of the Board of Directors of the Company on 15 May 2025.Powered by Capital Market - Live

Rajesh Power Services has secured orders worth Rs 1,116 crore from government and institutional customers. These include: - Turnkey Based Contract for Supply, Installation, Testing and Commissioning of 11/22KV HT Underground (Cable) / Overhead (MVCC) Network in Gujarat; - Design, Engineering, Manufacturing, Supply Erection, Testing and Commissioning of 220/66kV GIS/AIS Substations in Gujarat; - Supply, Erection, Testing and Commissioning of 132kV/66kV Underground Cable in Gujarat. Powered by Capital Market - Live

The project involves a turnkey contract in Gujarat for the supply, installation, and commissioning of 11/22 kV HT underground and overhead networks, 220/66 kV GIS/AIS substations, and 132 kV/66 kV underground cables, aimed at strengthening the state's power infrastructure. The order, valued at Rs 1,116 crore, is expected to be completed within 12 to 18 months. Rajesh Power Services' current market capitalization on the BSE stands at Rs 2,124.87 crore. Rajesh Power Services (RPSL) provides consultancy to state transmission and distribution companies, private utilities, and industries. On full-year basis, the company's net profit surged 285.5% to Rs 26.02 crore on 37.5% jump in net sales to Rs 284.97 crore in FY25 over FY24.Powered by Capital Market - Live

The scrip was listed at Rs 636.50, at a premium of 90% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 668.30 and a low of Rs 636.50. About 14.26 lakh shares of the company changed hands at the counter. Rajesh Power Services' IPO was subscribed 54.90 times. The issue opened for bidding on 25 November 2024 and it closed on 27 November 2024. The price band of the IPO was set at Rs 319 to Rs 335 per share. The issue size comprised fresh issue of 14,53,600 and offer for sale (OFS) of 20,00,000 shares. The promoter and promoter group shareholding diluted to 38.26% from 56.63% pre-issue. The company intends to utilize the net proceeds to purchase of cable identification testing and fault location equipments, setting up of DC solar power plant having capacity of 1300 KW, Inhouse development of technical expertise in production of green hydrogen and associated equipment such as Electrolysers, additional working capital requirement and general corporate purpose. Ahead of the Rajesh Power Services on 22 November 2024, raised Rs 44.76 crore from anchor investors. The board allotted 13.36 lakh shares at Rs 335 per share to 17 anchor investors. Rajesh Power (RPSL) provides services to both the renewable and non-renewable power sectors, with a particular focus on solar power. They offer a range of services, including EPC contracting for power transmission and distribution, turnkey project implementation, operations and maintenance, utility services, and consultancy. RPSL is involved in projects like laying EHV cables, constructing substations, and designing underground power distribution systems. As on 31 October 2024 the company had 1,030 employees on payroll and permanent basis. The company recorded revenue from operations of Rs 313.05 crore and net profit of Rs 27.68 crore for the period as of 30 September 2024. Powered by Capital Market - Live