Rajesh Power Services shares surged 6.9 per cent on the BSE, hitting an intraday high of Rs 1,588 per share. At 12:06 PM, the stock was trading 3.77 per cent higher at Rs 1,540.75, while the BSE Sensex declined 0.2 per cent to 82,460.

The company’s market capitalisation stood at Rs 2.77 billion. Its 52-week high is Rs 1,639 per share and the 52-week low is Rs 636.5. The uptick follows the securing of new orders worth Rs 278 million from a mix of government and private clients.

Under one contract, Rajesh Power will supply, install, test, and commission 400kV/33kV and 66kV/33kV gas-insulated substations (GIS) in Gujarat for a private entity. Another order involves converting the existing 11kV HT network to underground cable/MVCC under the SI scheme in Mehmedabad, Anand, Petlad, and Nadiad for Madhya Gujarat Vij Company Limited (MGVCL).

“We are delighted to announce two significant order wins that mark a major milestone in our growth journey. The award of a 400kV/33kV and 66kV/33kV GIS project in Gujarat establishes our presence in the 400kV GIS domain, strengthening our technical expertise. Additionally, the turnkey contract from MGVCL for underground cabling of 11kV HT networks will enhance distribution capabilities across key urban centres. These achievements highlight our commitment to world-class power transmission and distribution infrastructure, positioning Rajesh Power Services for sustainable growth in high-voltage and turnkey solutions,” the filing stated.