Rajesh Power Services Ltd

Rajesh Power Services Ltd has received a significant turnkey contract from Paschim Gujarat Vij Company Limited (PGVCL) valued at ₹40.58 Crores (including taxes). The contract involves the Supply, Installation, Testing, and Commissioning of 11 kV Medium Voltage Covered Conductor (MVCC) with accessories and allied items for feeders under the Jamnagar Circle of PGVCL, as part of a System Improvement (SI) Scheme. This order is expected to be executed within 12 months and falls within the normal course of business for the company. There are no promoter or group company interests in PGVCL, and the transaction is not considered a related party transaction.

Rajesh Power Services Ltd has announced the receipt of significant orders totaling ₹34.37 crores (including taxes) from two state-owned entities. The company secured work from Paschim Gujarat Vij Company Limited (PGVCL) for SCADA readiness and RMU rectification across Bhavnagar, Jamnagar, and Rajkot circles, valued at ₹21.57 crores. Additionally, Rajesh Power Services received an order from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL) for the modification of a 220kV line into an underground cable system at Jodhpur, worth ₹12.80 crores. These orders are expected to be executed within 12 months and 9 months respectively, bolstering the company's order book in the power infrastructure sector.

Rajesh Power Services Limited (RPSL) announced business updates for Q1 FY26-27, reporting revenue from operations of ₹436.62 crores. The company's unexecuted order book stands at ₹3,741.79 crores as of June 30, 2026. Key highlights include entry into Odisha with a ₹211.68 crore transmission project from OPTCL and securing ₹653.12 crore for underground power distribution projects from PGVCL in Gujarat. Additionally, RPSL's long-term credit rating outlook was revised to 'Positive' from 'Stable' by CRISIL, with the rating reaffirmed at 'A-'.

Rajesh Power Services Limited has announced securing new orders worth ₹653.12 crores (including taxes) from Paschim Gujarat Vij Company Limited (PGVCL). These turnkey projects involve converting existing 11kV High Tension (HT) and Low Tension (LT) lines into underground cable networks with a ring main system, including GIS mapping and asset tagging. The projects are to be executed across Bhavnagar, Anjar, Junagadh, and Porbandar circles in Gujarat. This significant order win is expected to reinforce Rajesh Power Services' leadership in underground power infrastructure and distribution projects.

Rajesh Power Services Ltd has received significant orders from Paschim Gujarat Vij Company Limited (PGVCL) for the conversion of existing 11kV High Tension (HT) Line and Low Tension (LT) Line Network into an Underground Cable Network with a Ring Main System. The project includes GIS Mapping and Asset Tagging across Bhavnagar, Anjar, Junagadh, and Porbandar Circles in Gujarat. The total value of these turnkey contracts amounts to ₹653.12 Crores (including taxes) and are to be executed within 18 months. These orders are considered to be in the normal course of business and do not involve any promoter group interest or related party transactions.

Rajesh Power Services Ltd has disclosed a transaction involving the sale of 16,666 equity shares, representing 0.09% of the total voting capital, by Krunal Panchal and Daxesh Panchal, who are members of the Promoter Group. The sale was conducted off-market. Following the transaction, the shareholding details of the acquirers are updated, with no shares currently encumbered. The total share capital of the company remains unchanged at 1,80,07,392 equity shares.

Rajesh Power Services Limited (RAJESH) has secured new orders worth ₹211.68 crore (including taxes) from Odisha Power Transmission Corporation Limited (OPTCL). This significant order marks RAJESH's entry into Odisha, expanding its operational footprint across India, and represents one of its largest project wins in the transmission segment. The project entails the construction of a 220 kV underground transmission cable connecting the Grid Substation at Mendhasal with the Gas Insulated Substation at Chandaka B in Odisha. Additionally, the scope includes the extension of the Air Insulated Substation bay at Mendhasal and the Gas Insulated Substation bay at Chandaka B. The company's Managing Director, Mr. Kurang Panchal, emphasized that this milestone reflects confidence in their execution capabilities and technical expertise.

Rajesh Power Services Ltd has received a significant EPC contract from Odisha Power Transmission Corporation Limited (OPTCL) valued at ₹211.68 Crores. The order involves the construction of a 220kV SC line through underground cable and associated bay extensions. This marks the company's entry into Odisha, expanding its geographical presence and strengthening its position in the eastern region. The project, to be executed over 24 months, is a major addition to the company's order book and is expected to contribute to its long-term growth.

Jyotsna Ramesh Patel sold 158,000 equity shares of Rajesh Power Services Ltd in the open market, representing 0.88% of the total equity. Following the sale, Patel holds 300,000 shares, which is 1.67% of the company's total equity. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Rajesh Power Services Ltd filed a statement confirming no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) as of March 31, 2026. The IPO, which took place on November 28, 2024, raised ₹160.47 Crore. The statement, reviewed by the Audit Committee and taken on record by the Board, indicated that while actual IPO expenses were lower than estimated, the resulting surplus of ₹856.88 lakhs was utilized towards working capital requirements. The company confirmed that funds allocated for capital expenditure, additional working capital, and general corporate purposes were utilized or remained unutilized in line with the original prospectus, with no regulatory deviation reported.