Synopsis:
Rajesh Power Services Limited (RPSL) has secured orders worth Rs. 921.89 crore from Uttar Gujarat Vij Company Limited (UGVCL) for underground and Medium Voltage Covered Conductor (MVCC) projects in Gujarat.
An EPC stock gained traction after announcing new high-value orders from UGVCL. Investor sentiment was supported by the company’s growing order book, which now includes significant underground and MVCC power transmission projects across multiple locations in Gujarat.
Rajesh Power Services Limited has a market capitalization of Rs. 2,828.87 crore. The stock opened at Rs. 1,589.40, touched a high of Rs. 1,605, and previously closed at Rs. 1,545.40, reflecting an intraday gain of 3.88 percent from the previous close.
What’s the News?
Rajesh Power Services Limited, a leading EPC contractor in Power Transmission & Distribution, announced new orders worth Rs. 921.89 crore (including taxes) from Uttar Gujarat Vij Company Limited (UGVCL), a state-run power distribution company in Gujarat.
The turnkey projects involve converting existing 11kV HT overhead networks into underground cable systems and installing 11kV Medium Voltage Covered Conductors (MVCC) across Himmatnagar, Palanpur, Mehsana, and Sabarmati Circles of UGVCL.
Last month, the company also received orders worth Rs. 143.11 crore from Dakshin Gujarat Vij Company Limited (DGVCL), and landmark orders worth Rs. 278 crore, which include a 400 kV GIS segment from a combination of government and private customers.
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Comments from Management
“We are grateful to partner with UGVCL for these significant projects, which reflect our ongoing focus on enhancing power distribution infrastructure in Gujarat. Drawing on our expertise in delivering reliable power solutions, we aim to support the region’s energy needs effectively. We look forward to contributing to the state’s evolving energy landscape in a meaningful way,” said Mr. Kurang Panchal, Managing Director, Rajesh Power Services Limited.
Financial Snapshot – Half-Yearly Results
September 2024-March 2025: Sales increased from Rs. 317 crore to Rs. 790 crore, up 149.2 percent. Operating profit rose from Rs. 40 crore to Rs. 94 crore, a growth of 135 percent, while PBT increased from Rs. 37 crore to Rs. 86 crore, up 132.4 percent. Net profit grew from Rs. 28 crore to Rs. 65 crore, a rise of 132.1 percent.
About the Company
Rajesh Power Services Limited is a specialized EPC company in the Power Transmission & Distribution sector. The company executes turnkey projects for GIS and AIS substations, Extra High Voltage Power Cables, Transmission Lines, and Distribution Systems, along with operation and maintenance services.
RPSL operates across Gujarat, Rajasthan, Uttarakhand, Maharashtra, and Madhya Pradesh and is backed by ISO certifications including ISO 9001, 14001, 45001, 50001, and 55001. Guided by integrity and safety, the company leverages modern technologies to deliver efficient, client-focused power infrastructure solutions.
Written By Manan Gangwar
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