Rajesh Power Services Limited, a prominent name in the Indian power infrastructure sector, has recently announced that it has received substantial turnkey orders worth Rs 921.89 crore from Uttar Gujarat Vij Company Limited (UGVCL). These orders represent a major milestone for the company and involve the conversion of existing 11kV HT overhead networks into underground cable systems as well as the installation of 11kV Medium Voltage Covered Conductors (MVCC) across multiple locations in Gujarat.

The orders were received in the normal course of business, reinforcing Rajesh Power's strong presence and expertise in executing large-scale power infrastructure projects. The scope of work includes complete turnkey solutions, which will not only enhance the reliability and safety of electricity transmission but also contribute significantly to the modernisation of Gujarat's power distribution network.

The turnkey projects are designed to be executed over a period of 18 months, demonstrating the company's commitment to timely project delivery. These projects cover multiple locations, indicating a widespread impact on power infrastructure improvements across Gujarat. By converting overhead HT lines to underground systems, Rajesh Power will help reduce transmission losses, improve the resilience of the network, and enhance overall power supply efficiency.

Financially, the orders carry a broad consideration of Rs 921.89 crore, including taxes, marking one of the most significant contracts for Rajesh Power in recent times. This contract not only strengthens the company's order book but also positions it as a leading player in Gujarat’s power sector. Importantly, the orders were awarded by a domestic entity, UGVCL, with no involvement of promoter groups or related party transactions, ensuring transparency and compliance with SEBI regulations.

From a technical perspective, the installation of Medium Voltage Covered Conductors (MVCC) will provide safer and more reliable electricity transmission. MVCC systems are known for their robust insulation, minimal maintenance needs, and ability to withstand adverse weather conditions. The transition from overhead networks to underground cabling will significantly enhance operational safety and reduce power outages caused by environmental factors.

Rajesh Power's expertise in turnkey contracts is well-reflected in this order. The company has a proven track record of managing complex projects that involve design, procurement, installation, and commissioning, all under stringent timelines. The successful execution of these projects will further consolidate Rajesh Power’s reputation as a reliable and competent power infrastructure service provider in India.

Additionally, the orders comply fully with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring all reporting and disclosure requirements are met. As per the company’s official disclosure to BSE, there is no interest of promoters or promoter groups in the entity awarding the contract, and the contract does not fall under related party transactions. This ensures the project is carried out on a strictly arm’s length basis, maintaining full corporate governance standards.

The impact of these projects extends beyond the company itself. With the execution of the UGVCL orders, consumers across Gujarat can expect a more reliable power supply. Underground cabling reduces the risk of outages caused by storms, tree falls, and other environmental disruptions. Moreover, the adoption of MVCC technology aligns with global best practices in power transmission, reflecting India’s commitment to modernizing its energy infrastructure.

In conclusion, the receipt of these turnkey orders worth Rs 921.89 crore from UGVCL marks a significant achievement for Rajesh Power Services Limited. The projects encompass the conversion of HT overhead networks to underground cables and the installation of Medium Voltage Covered Conductors across multiple locations in Gujarat. With an execution timeline of 18 months, these projects will enhance the safety, reliability, and efficiency of the power distribution network while reinforcing Rajesh Power’s leadership position in India’s power sector.

This development is expected to positively influence investor confidence, strengthen the company's operational portfolio, and contribute to the modernization of Gujarat’s electricity distribution network. Rajesh Power Services Limited continues to demonstrate its capacity to secure high-value orders and deliver cutting-edge power infrastructure solutions across India.

Join our Telegram Channel for Latest News and Regular Updates.

Start your Mutual Fund Journey  by Opening Free Account in Asset Plus.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.