On 19th September 2025, Rajesh Power Services Limited (RPSL) announced a major boost to its order book with fresh contracts worth ₹278 crore (including taxes). The development was shared through a press release filed with the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Landmark 400 kV GIS Project in Gujarat

One of the key highlights of the announcement is the supply, installation, testing, and commissioning of 400 kV/33 kV and 66 kV/33 kV Gas Insulated Substations (GIS) in Gujarat. This order has been secured from a private entity and is significant because it marks the company’s entry into the 400 kV GIS segment, a high-technology domain that requires advanced expertise.

By entering this space, RPSL has demonstrated its technical capabilities and positioned itself as a strong contender in the extra high-voltage transmission sector. This project is expected to enhance the company’s reputation and create opportunities for future projects in the GIS domain.

Underground Cabling Contract from MGVCL

The second order, awarded by Madhya Gujarat Vij Company Limited (MGVCL), is a turnkey contract for converting existing 11 kV HT networks into underground cable or MVCC systems under the SI scheme. This project spans across multiple key locations including Mehmedabad, Anand, Petlad, and Nadiad.

This contract will significantly improve the distribution infrastructure in these urban centres, enhancing reliability, safety, and efficiency of the electricity supply. It also reflects the government’s push towards modernising India’s power distribution networks.

Management’s Statement

Commenting on these new developments, Mr. Kurang Panchal, Managing Director of RPSL, said that the company is delighted to secure these two significant orders, which mark a major milestone in its growth journey. He emphasised that the 400 kV GIS project strengthens RPSL’s technical expertise, while the MGVCL underground cabling project will boost distribution capabilities in urban Gujarat.

According to him, these orders reinforce RPSL’s commitment to developing world-class power transmission and distribution infrastructure in India and position the company for sustainable growth in high-voltage and turnkey solutions.

About Rajesh Power Services Limited

Rajesh Power Services Limited is one of India’s leading Engineering, Procurement, and Construction (EPC) companies specialising in the Power Transmission and Distribution sector. Its expertise spans across multiple verticals such as:

• Turnkey execution of GIS and AIS substations

• Extra high voltage power cables and transmission lines

• Construction of distribution systems

The company’s customer-focused approach, strong technical background, and over five decades of experience have enabled it to maintain a strong position in the industry. RPSL serves both government and institutional clients across India, delivering high-quality and reliable power infrastructure.

Strategic Importance of the Orders

These new orders worth ₹278 crore not only boost the company’s financial strength but also reinforce its long-term growth trajectory. The 400 kV GIS project represents entry into a niche, high-technology segment, while the MGVCL contract demonstrates RPSL’s strong credentials in urban distribution system upgrades.

Such diversification of projects reflects RPSL’s balanced growth strategy and its ability to serve both private and government clients. The orders also strengthen its position in Gujarat, a state that has been at the forefront of power sector reforms and investments.

Investor and Market Outlook

For investors, the announcement indicates that RPSL’s order pipeline remains robust and the company is well-placed to deliver sustainable growth. Entry into the 400 kV GIS space could open opportunities for more high-voltage projects across India, while the distribution sector contracts ensure steady revenue flow from government utilities.

The company’s strategy of expanding its technical expertise and winning diverse projects across the value chain aligns well with India’s increasing focus on modern, efficient, and reliable power infrastructure.

Conclusion

The ₹278 crore order wins announced by Rajesh Power Services Limited mark a turning point in the company’s journey. By securing its first-ever 400 kV GIS project and a major underground cabling contract from MGVCL, the company has not only strengthened its order book but also highlighted its technical and execution capabilities.

These achievements reinforce RPSL’s mission of building world-class transmission and distribution infrastructure for India, while ensuring long-term growth and value creation for its stakeholders.

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