Rajesh Power Services wins ₹1,629 crore order in Gujarat
The turnkey project for Dakshin Gujarat Vij Company Limited will involve converting overhead electricity networks into underground cable systems.
Mumbai-based Rajesh Power Services Limited has secured a turnkey order worth approximately ₹1,629 crore from Dakshin Gujarat Vij Company Limited (DGVCL), according to reports from BusinessLine, Moneycontrol and Business Standard.
Under the contract, the Engineering, Procurement and Construction (EPC) company will convert existing 11/22kV high tension (HT) and low tension (LT) overhead electricity distribution networks into modern underground cable systems. These systems will include SCADA-compatible equipment across various locations under the DGVCL SI Scheme.
The company stated that the project will be completed within 24 months. This new contract brings the aggregate order book of Rajesh Power Services to about ₹5,400 crore, up from ₹4,000 crore, marking a 35 per cent increase.
The latest deal follows a recent ₹472 crore order from the government-owned Madhya Gujarat Vij Company Limited (MGVCL). The company also reported a 35 per cent year-on-year rise in consolidated profit after tax to ₹79.22 crore in the first half of FY27, compared to ₹58.8 crore in Q2 FY26.
Rajesh Power Services operates in the power transmission and distribution sector across Gujarat, Rajasthan, Uttarakhand, Maharashtra, Madhya Pradesh and Odisha. On Thursday, the company's shares were trading at approximately ₹830.