Image Source: Business Standard
Rajesh Power Services Ltd has secured a marquee contract valued at ₹1.43 billion rupees, underscoring the company’s accelerating momentum in India’s power transmission and distribution sector. The company’s latest win cements its reputation as a formidable player in the EPC domain, especially against the backdrop of robust infrastructure investments and state-led electrification drives.
Contract Highlights & Key Insights
Landmark Win: Rajesh Power Services Ltd has been awarded a turnkey contract for the supply, installation, testing, and commissioning of advanced power infrastructure components from a reputed state utility client.
Project Scope: The project involves the upgrade and expansion of 11/22kV high-tension underground cable systems, advanced substation installation (including 220/66kV GIS/AIS facilities), and medium voltage covered conductor (MVCC) networks across strategic regions in Gujarat. The work also includes new 132/66 kV underground cable infrastructure.
Execution Horizon: According to regulatory filings, the contract is to be executed within 12 to 18 months, with Rajesh Power Services expected to complete multiple critical T&D tasks spanning rural and urban segments.
Strategic Value: This is part of a broader ₹11.16 billion order pipeline won by the company in recent months, reflecting deepening relationships with both government and institutional clients.
Market Impact: Industry analysts expect the ₹1.43 billion contract to boost Rajesh Power Services’ revenue visibility, reinforce its core order book, and strengthen its position in future competitive EPC tenders.
Broader Sector Implications
Rajesh Power Services has been steadily expanding its market share through successful project delivery under marquee government schemes such as the Kisan Suryodaya Yojana and rural feeder modernization programs. With this new order, the firm builds on its strong execution record, technical expertise, and capacity to deliver large, high-value projects to public sector utilities as well as private customers.
The contract dovetails with India’s national goals to upgrade power transmission, reduce technical losses, and extend reliable electricity access to previously underserved regions.
The company’s recent IPO has fortified its capital base, enabling more effective resource mobilization and faster project rollouts.
Financial & Operational Outlook
Recent financial disclosures indicate that Rajesh Power Services has posted over 37% revenue growth and a more than tripling of profits year-on-year, thanks to sustained order inflows and timely project completions. The latest contract is likely to provide a further earnings uptick in FY26, while enhancing career opportunities and stakeholder value across the organization.
Source(s): Wire & Cable India, Power Line, Business Standard, ICICI Direct
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