Rajesh Power Services has received turnkey orders from Madhya Gujarat Vij Company (MGVCL) for the conversion of 11 kV overhead lines to Medium Voltage Covered Conductor (MVCC) systems and the development of underground networks at various locations in Gujarat. The projects are being undertaken under MGVCL’s SI Scheme Robust-III.

The orders were disclosed by the company in a filing with the BSE under Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations. Rajesh Power Services said the contracts had been received in the normal course of business.

The projects have been awarded by a domestic entity and will be executed as domestic contracts. The scope includes converting existing 11 kV overhead lines to MVCC infrastructure, alongside the construction of underground power distribution networks at locations identified by MGVCL.

The total consideration for the orders is Rs. 4.72 bn, including taxes. The contracts are scheduled to be completed within 18 months from the relevant order commencement requirements.

The company said neither its promoters, promoter group nor group companies have any interest in MGVCL. It also stated that the contracts do not fall within related-party transaction provisions.

The disclosure was signed by Jyoti Dakshesh Mochi, company secretary and compliance officer of Rajesh Power Services. The filing was submitted on October 12, 2026, and included the order details required under the applicable securities-market disclosure framework.