Rajesh Power secures Rs 1,629 crore order from Gujarat discom
The turnkey project will involve upgrading electricity distribution networks into underground cable systems over a 24-month period.
Rajesh Power Services Limited has secured a turnkey contract worth approximately Rs 1,629 crore from Dakshin Gujarat Vij Company Limited (DGVCL), according to Moneycontrol.
The project involves replacing current 11/22kV high tension (HT) and low tension (LT) overhead electricity networks with modern underground cabling and SCADA-compatible equipment at various sites under the DGVCL SI Scheme.
The company stated on Thursday that the execution of this project will take 24 months. This new contract has increased the company's total order book by 35 per cent, rising from Rs 4,000 crore to about Rs 5,400 crore.
This development follows a recent Rs 472 crore order from the state-owned Madhya Gujarat Vij Company Limited (MGVCL).
An Engineering, Procurement and Construction (EPC) firm, Rajesh Power Services operates in the power transmission and distribution sector across Gujarat, Rajasthan, Uttarakhand, Maharashtra, Madhya Pradesh and Odisha.
Business Standard reported that the company's consolidated profit after tax rose 35 per cent year-on-year to Rs 79.22 crore in the first half of FY27, compared to Rs 58.8 crore in Q2 FY26.