Rajesh Power Services has received turnkey contracts from Dakshin Gujarat Vij Company (DGVCL) for converting existing 11/22 kV high-tension and low-tension overhead networks into underground cable systems across various locations in Gujarat. The contracts also include the installation of supervisory control and data acquisition-compatible equipment under the SI Scheme.

The company disclosed the order under Regulation 30 of the Securities and Exchange Board of India’s listing regulations. It said the contracts were received in the normal course of business and were awarded by a domestic entity.

The aggregate value of the contracts is Rs. 16.29 bn, inclusive of taxes. The projects are scheduled to be completed within 24 months from the relevant date specified under the contracts.

The scope covers the conversion of overhead electricity distribution infrastructure into underground systems, along with associated equipment compatible with supervisory control and data acquisition requirements. The work is intended to be carried out at multiple locations within DGVCL’s operational area in Gujarat.

Rajesh Power Services stated that the contracts do not involve any interest held by its promoter, promoter group or group companies in the awarding entity. It also confirmed that the contracts do not fall within related-party transactions. The company submitted the disclosure to the BSE in accordance with applicable regulatory requirements, along with details of the order terms and execution period.