Rajesh Power Services Secures ₹471.92 Crore MGVCL Contracts; Shares Trade At ₹780

Mumbai, October 12: Rajesh Power Services Limited has received turnkey contracts worth ₹471.92 crore, including taxes, from Madhya Gujarat Vij Company Limited (MGVCL) for power distribution network upgrades across various locations in Gujarat.

According to the company’s exchange filing, the contracts cover the conversion of 11 kV overhead lines to Medium Voltage Covered Conductor (MVCC) lines, along with underground networking work at locations across Gujarat under the SI Scheme, Robust-III.

The orders have been received in the normal course of business from MGVCL, a domestic entity. The company has disclosed an execution period of 18 months for the contracts.

Stock Market Snapshot

The Rajesh Power Services share price stood at ₹780.00 as of 10:24 AM IST on October 12, 2026, according to the market data. The stock was up ₹47.15, or 6.43%, compared with its previous close of ₹732.85.

Shares opened at ₹747.00 before moving higher during the morning session, reaching ₹780.00 at the reported time. The stock’s gain over the previous close stood at 6.43%.

Contract Scope Covers Overhead Line Conversion And Underground Network

The ₹471.92 crore package involves upgrading existing 11 kV overhead lines to MVCC infrastructure and developing underground networks. These works are intended to be carried out across several MGVCL divisions under the specified scheme.

The company stated that the promoter or promoter group has no interest in the awarding entity. It also confirmed that the contracts do not fall under related-party transactions.

Conclusion

The new MGVCL contracts add ₹471.92 crore, including taxes, to Rajesh Power Services’ disclosed business pipeline. The work covers overhead line conversion and underground network infrastructure, with execution scheduled over 18 months.

The company disclosed the orders under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Rajesh Power Services shares were trading at ₹780.00 as of 10:24 AM IST on October 12, 2026.

Source:

• https://www.bseindia.com/stock-share-price/rajesh-power-services-ltd/rajesh/544291
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/1ca1a2c9-8e87-4be3-87e9-dfb383eb2cbb.pdf