Rajesh Power secures Rs 1,629 crore order from DGVCL in Gujarat
The company's total order book has expanded by approximately 35 per cent to reach Rs 5,400 crore.
Rajesh Power Services Limited has secured a turnkey project worth Rs 1,628.74 crore from Dakshin Gujarat Vij Company Limited (DGVCL), according to reports by NewsX and Moneycontrol. The order involves upgrading electricity distribution networks across various sites under the DGVCL SI Scheme.
The company will replace current 11/22kV high tension and low tension overhead lines with modern underground cabling and equipment that is compatible with SCADA systems. This project is scheduled to be completed within a 24-month timeline.
With this new contract, the aggregate order book of the Engineering, Procurement and Construction (EPC) firm has grown to approximately Rs 5,400 crore. This represents a 35 per cent increase from the previous order book of Rs 4,000 crore. The existing orders include a Rs 471.92 crore contract recently obtained from Madhya Gujarat Vij Company Limited (MGVCL).
The company reported 46 per cent year-on-year revenue growth during the first half of FY27. Rajesh Power Services operates in the power transmission and distribution sector across states including Gujarat, Rajasthan, Uttarakhand, Maharashtra, Madhya Pradesh and Odisha.
The company stated that its current focus is on profitable growth, disciplined execution, and generating long-term value for its shareholders.