Rajesh Power Services Limited has secured fresh orders worth Rs 11.16 Billion from government and institutional clients, reinforcing its strong presence in the engineering, procurement and construction sector. The orders include turnkey contracts for the supply, installation, testing and commissioning of 11/22kV high-tension underground and overhead networks, and 220/66kV gas-insulated and air-insulated substations across Gujarat.

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