Rajesh Power Sparks ₹4,754 Cr Investment Surge in Gujarat, Promises 33,000+ Jobs

Rajesh Power Services Ltd (RSPL) has electrified Gujarat’s development landscape by signing multiple Memorandums of Understanding (MoUs) with the state government, committing a massive ₹4,754 crore investment. The announcement was made on the opening day of the Vibrant Gujarat Regional Conference (VGRC) 2025, held at Ganpat University, Mehsana.

These strategic agreements mark a transformative leap in Gujarat’s power distribution infrastructure and employment generation goals.

Key highlights of the announcement:

- RSPL will invest ₹4,754 crore in turnkey power infrastructure projects across Gujarat
- The projects are projected to create over 33,000 jobs, contributing significantly to the state’s economic upliftment
- RSPL will convert overhead High Tension (HT) power lines into underground cable networks, enhancing safety and reliability in both urban and rural zones
- The MoUs were signed during the inaugural VGRC 2025, a two-day summit inaugurated by Chief Minister Bhupendra Patel and Union Minister Ashwini Vaishnaw, alongside other dignitaries
- The agreements were exchanged between Mr. Kaxil Patel, CFO of RSPL, and Mr. Ajay Prakash, IAS, MD of Gujarat Power Corporation Ltd
- RSPL’s Managing Director Mr. Kurang Panchal emphasized the company’s commitment to delivering future-ready energy solutions and praised the Gujarat Government’s trust and support

Broader significance:

This initiative aligns with Gujarat’s push for inclusive growth, infrastructure modernization, and skill development. By transitioning to underground cabling, the state aims to reduce transmission losses, improve service reliability, and ensure safer energy distribution.

The VGRC 2025 has emerged as a powerful platform for public-private collaboration, reinforcing Gujarat’s leadership in India’s energy transformation journey.

Sources: Business Upturn, T&D India, ScanX News