Rajesh Power Services has received orders worth Rs. 16.29 bn, including taxes, from Dakshin Gujarat Vij Company for turnkey contracts in Gujarat. The projects involve converting existing 11/22kV high-tension and low-tension overhead networks into underground cable systems at various locations under the utility’s jurisdiction.

The contracts also include the supply and installation of equipment compatible with supervisory control and data acquisition systems under the SI Scheme. The company disclosed the order receipt in a filing with BSE under the applicable Securities and Exchange Board of India listing regulations.

The projects have been awarded by a domestic entity and are classified as turnkey contracts. Rajesh Power Services stated that the orders were received in the normal course of business and that their execution is scheduled to be completed over 24 months.

The scope is intended to replace overhead electricity infrastructure with underground networks while incorporating systems that can support remote monitoring and operational control. The filing identified Dakshin Gujarat Vij Company as the entity awarding the contracts and provided the order value as part of the disclosure required for material business developments.

Rajesh Power Services also disclosed that its promoter, promoter group and group companies do not have any interest in Dakshin Gujarat Vij Company. It further stated that the contracts do not fall within related-party transactions. The company submitted the details through an annexure accompanying its regulatory communication dated November 4, 2026.

The announcement was signed by Jyoti Dakshesh Mochi, company secretary and compliance officer of Rajesh Power Services. The disclosure was addressed to BSE and referenced the regulatory framework governing listed-company disclosures, including the relevant master circular issued by the market regulator.