Powering Ahead: Rajesh Power Services bags Rs. 1,116 Crore Orders

Rajesh Power Services Ltd, a well-established power transmission and distribution industry major, has won new orders of Rs. 1,116 crores. The new orders have come in from a combination of government and institutional clients and reflect the rising reputation as well as execution skills of the company.

The recently won orders include the design, installation, testing, and commissioning of 11/22kV HT underground and overhead networks for Gujarat. Apart from this, the company will execute the design, engineering, manufacturing, and commissioning of 220/66kV GIS/AIS substations. Another major element includes the supply and commissioning of 132kV/66kV underground cables for the state.

These projects are expected to be completed within 12 to 18 months, providing a strong revenue pipeline and operational momentum for the company. Despite its SME status, Rajesh Power Services continues to post performances in par with mainboard-listed companies. The stocks of the company, which opened at Rs. 335 when it went public in November 2024, have subsequently surged to Rs. 1,268.60, showing its solid market position and investors' confidence.

This development not only solidifies Rajesh Power Services' operational and financial potential but also establishes it as an important participant in India's power infrastructure scenario.

Sources: Ahmedabad Mirror, Business Standard, Trade Brains, Tribune India, MSN News.