Rajesh Power Services Bags Orders Worth Rs 541 Cr From Gujarat Discoms

New Delhi: Rajesh Power Services on Thursday said it has secured two new orders worth around Rs 541 crore from government-owned power distribution companies in Gujarat.

The Rs 471.92 crore order is from Madhya Gujarat Vij Company Ltd (MGVCL), while the other worth Rs 69 crore, is from Uttar Gujarat Vij Company Ltd (UGVCL), the company said in an exchange filing.

The contract from MGVCL includes strengthening electricity distribution infrastructure at various locations in Gujarat, and is to be executed in 18 months.

The turnkey order from UGVCL covers site survey, designing, engineering, procurement, supply, testing and commissioning for shifting the existing electrical network at various locations in the state.

The work is to be completed in 12 months.

“Securing two orders in a row within a week reflects the confidence Gujarat’s power distribution utilities place in our execution capabilities,” the company’s Chairman & Managing Director Kurang Panchal said.

With orders aggregating Rs 540.92 crore secured this week, the company’s total order book has crossed the Rs 4,000 crore mark, he said.

Rajesh Power Services is an Engineering, Procurement and Construction (EPC) company engaged in the power transmission and distribution sector.

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