FCC

Rajesh Power Secures Rs 11.16B Orders for Gujarat Projects

2025-04-30

Rajesh Power Services Limited (RPSL), a leading EPC contractor in the power transmission and distribution sector, has secured new orders worth Rs 11.16 billion from a mix of government and institutional clients, highlighting its strong operational capabilities and expanding footprint.

The fresh contracts include a turnkey project covering the supply, installation, testing, and commissioning of 11/22kV HT underground cable and overhead MVCC networks in Gujarat, as well as the design, engineering, manufacturing, supply, erection, testing, and commissioning of 220/66kV GIS and AIS substations. Additionally, the company has bagged contracts for the supply, erection, testing, and commissioning of 132kV/66kV underground cables in Gujarat.

Key Highlights:

1. Rs 11.16 billion in fresh orders secured from government and institutional clients

2. Projects expected to be completed within 12 to 18 months, ensuring strong revenue visibility

Rajesh Power Services launched its Rs 1.605 billion IPO in November 2024, pricing shares at Rs 335 each. The company’s stock has since delivered multibagger returns, closing at Rs 1,268.60 on Wednesday, with a market capitalisation of Rs 22.84 billion.

Although classified as an SME company, RPSL consistently delivers performances comparable to mainboard-listed firms. The new order win further strengthens its operational and financial outlook, positioning the company for robust results in the coming quarters.