Rajesh Power Secures ₹182.62 Crore Turnkey Order from MGVCL; Stock Gains

Ahmedabad, Sep 19, 2025 – Rajesh Power Services Ltd (BSE: 544291) today announced that it has bagged a significant turnkey contract worth ₹182.62 crore (inclusive of taxes) from Madhya Gujarat Vij Company Limited (MGVCL). The project involves the conversion of existing 11kV HT network to underground cable/MVCC under the SI scheme across Mehmedabad, Anand, Petlad, and Nadiad jurisdictions.

According to the company’s filing, the order will be executed within 12 months and is part of its regular business operations. The contract is purely domestic and does not fall under related party transactions.

Order Details

Stock Reaction

Shares of Rajesh Power Services Ltd traded higher following the announcement. The stock rose 1.34% to close at ₹1,457.05 on the BSE, compared to the previous close of ₹1,437.80. Intraday, the stock touched a high of ₹1,475.00 and a low of ₹1,427.00. The company’s market capitalization now stands at approximately ₹2,623.77 crore.

Rajesh Power Services Ltd, headquartered in Ahmedabad, Gujarat, is engaged in power infrastructure and utility projects. Listed on the BSE SME platform, the company operates within the multi-utilities sector with a focus on turnkey power distribution solutions.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/66c92422-0a97-4937-ae71-cda2eb96b579.pdf

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