Rajesh Power Services hit upper circuit after Bagging new order worth ₹1116 Crore
Shares of Rajesh Power Services Limited (BSE: RAJESH) witnessed a sharp rally on April 23, 2025, surging by 19.99% to hit an upper circuit at ₹1,268.60, compared to the previous close of ₹1,057.20. The stock opened at ₹1,053.00 and traded in a wide range throughout the session, hitting a low of ₹1,010.00 before locking in at the day’s high. The spike in share price follows the company’s announcement of securing new infrastructure orders worth ₹1,116 crore,
Rajesh Power Services Limited (RPSL), a prominent engineering and infrastructure company specializing in power transmission and distribution, has announced a significant achievement in its project portfolio. The company has successfully secured a series of new contracts totaling ₹1,116 crore from a combination of government departments and institutional clients, marking a major milestone in its growth trajectory.
The orders, which were secured through competitive bidding and strategic partnerships, encompass a diverse range of projects focused on strengthening the power infrastructure across Gujarat. The announcement comes as part of RPSL’s regular course of business and demonstrates the company’s continued leadership in the EPC (Engineering, Procurement, and Construction) segment.
Detailed Scope of the New Orders won by Rajesh Power Services Limited :
The order inflow comprises three major turnkey contracts:
- 11/22kV HT Underground and Overhead Network in Gujarat
This project involves the supply, installation, testing, and commissioning of high-tension (HT) underground cables and Medium Voltage Covered Conductor (MVCC) overhead lines across various parts of Gujarat. The objective of this initiative is to modernize the state’s distribution grid by transitioning from conventional open wire networks to a more secure, insulated, and efficient infrastructure. The turnkey model ensures end-to-end project execution by RPSL, from material supply to final commissioning. - 220/66kV GIS and AIS Substation Development
In another crucial assignment, RPSL has been entrusted with the design, engineering, manufacturing, supply, erection, testing, and commissioning of 220/66kV substations. These include both Gas Insulated Switchgear (GIS) and Air Insulated Switchgear (AIS) technologies. The substations will be set up at various strategic locations to support expanding urban centers, industrial clusters, and to facilitate uninterrupted power delivery. The inclusion of GIS substations indicates a move towards more compact, low-maintenance, and highly reliable substation solutions suitable for space-constrained environments. - 132kV/66kV Underground Cable Installation
The third order involves the laying and commissioning of high-voltage underground cable networks of 132kV and 66kV. This infrastructure upgrade will play a critical role in reducing transmission losses, improving grid reliability, and enhancing safety, especially in densely populated or industrially active zones. Underground cable networks are less susceptible to environmental damage and theft, making them a preferred choice for modern power transmission systems.
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According to the Rajesh Power, all projects are expected to be executed within a period ranging from 12 to 18 months, underscoring RPSL’s proven capacity for timely delivery and operational efficiency.
Strategic Significance
This new round of contracts is seen as a validation of Rajesh Power’s technical competence, financial discipline, and consistent performance in executing high-value EPC assignments. It also aligns with the government’s focus on upgrading energy infrastructure and ensuring 24×7 power availability across the country.
“This development reflects the trust placed in us by our clients and reinforces our commitment to delivering cutting-edge solutions in the power sector,” the company said in a statement.
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About Rajesh Power Services Limited
Rajesh Power Services Limited has been a cornerstone in India’s electrical infrastructure landscape for over five decades. The company’s services span the entire lifecycle of EPC projects including GIS/AIS substations, Extra High Voltage (EHV) transmission lines, underground cabling, and distribution networks. Known for its quality-driven approach and client-centric execution model, RPSL has built a loyal customer base across government and institutional sectors.
The company recently raised ₹160.5 crore through an Initial Public Offering (IPO) and was listed on the BSE SME exchange on December 2, 2024.
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