The company will also execute projects for 132kV/66kV underground cable installation. These projects are scheduled for completion within 12 to 18 months, providing robust revenue visibility.

Rajesh Power Services launched its Rs 1.605 Bn initial public offering in November 2024 at Rs 335 per share. Shares have since appreciated significantly, closing at Rs 1,268.60 on Wednesday, valuing the company at Rs 22.84 Bn.

Despite being categorised as a small and medium-sized enterprise, Rajesh Power Services consistently delivers mainboard-level performance. These recent orders are expected to drive strong operational momentum and financial results in the upcoming quarters.

Rajesh Power Services Limited is a specialised engineering, procurement and construction company focusing on power transmission and distribution, offering turnkey services for substations, extra high voltage power cables, and transmission lines.

Source: PNN