Rajesh Power secures Rs 1,628.74 crore order from DGVCL
The turnkey project to modernise electricity distribution networks will be completed within 24 months, according to Moneycontrol.
Rajesh Power Services Limited has secured a turnkey contract worth Rs 1,628.74 crore from Dakshin Gujarat Vij Company Limited (DGVCL), according to reports by Moneycontrol and Business Standard. The project involves upgrading existing 11/22kV high tension and low tension overhead electricity networks into modern underground cable systems using SCADA-compatible equipment.
The work will be carried out at various locations under the DGVCL SI Scheme. The company stated that the execution of this project is expected to take 24 months.
This new contract has increased the company's total order book to approximately Rs 5,400 crore. This represents a 35 per cent rise from the previous order book of Rs 4,000 crore. This follows a recent Rs 471.92 crore order from Madhya Gujarat Vij Company Limited (MGVCL).
Rajesh Power is an engineering, procurement and construction (EPC) firm working in the power transmission and distribution sector. The company operates in states including Gujarat, Rajasthan, Uttarakhand, Maharashtra, Madhya Pradesh and Odisha.
In the first half of FY27, the company reported a 46 per cent year-on-year revenue growth. Business Standard also noted that the company's consolidated profit after tax rose 35 per cent year-on-year to Rs 79.22 crore in Q2 FY27, compared to Rs 58.8 crore in Q2 FY26.