Rajesh Power Services Gains After Securing Rs 362.82 Crore PGVCL Order

06 Aug 2026 CW Team

The scope covers the turnkey conversion of the existing 11 kV high-tension and low-tension line network, including consumer service lines, into an underground cable network with a ring main configuration in the Jamnagar City-2 Division of the Jamnagar Circle under PGVCL. The project is scheduled for completion within 24 months and will proceed through planning, civil works, cable laying and system commissioning phases. The company described the contract as being aligned with municipal urban network modernisation and safety objectives.

The company clarified that the contract does not qualify as a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award. Rajesh Power Services offers consultancy and engineering services to state transmission and distribution companies, private utilities and industrial customers and said such contracts form a core part of its service offering. The firm added that execution discipline and timely completion are priorities for contract delivery.

On a full-year basis consolidated net profit rose 48.19 per cent to Rs 143.20 crore, equivalent to Rs 1.432 bn, driven by a 51.85 per cent increase in revenue from operations to Rs 1,627.94 crore, or Rs 16.2794 bn, in FY26 over FY25. The results underline growth in execution and revenue realisation during the year and point to improved margins and scale. The PGVCL order will be monitored as part of the company's execution pipeline and its contribution to revenue recognition will depend on progress under the contract.

Rajesh Power Services rose one point four five per cent to Rs 867 after securing an order from Paschim Gujarat Vij Company Limited to convert distribution lines to an underground system in Jamnagar. The contract is valued at Rs 362.82 crore, equivalent to Rs 3.6282 billion (bn), and the company indicated it forms part of its ongoing transmission and distribution business. The award prompted investor interest and contributed to a modest uptick in the share price, reflecting market attention on new orders. Analysts and investors noted that visible orders support near-term revenue visibility. The scope covers the turnkey conversion of the existing 11 kV high-tension and low-tension line network, including consumer service lines, into an underground cable network with a ring main configuration in the Jamnagar City-2 Division of the Jamnagar Circle under PGVCL. The project is scheduled for completion within 24 months and will proceed through planning, civil works, cable laying and system commissioning phases. The company described the contract as being aligned with municipal urban network modernisation and safety objectives. The company clarified that the contract does not qualify as a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award. Rajesh Power Services offers consultancy and engineering services to state transmission and distribution companies, private utilities and industrial customers and said such contracts form a core part of its service offering. The firm added that execution discipline and timely completion are priorities for contract delivery. On a full-year basis consolidated net profit rose 48.19 per cent to Rs 143.20 crore, equivalent to Rs 1.432 bn, driven by a 51.85 per cent increase in revenue from operations to Rs 1,627.94 crore, or Rs 16.2794 bn, in FY26 over FY25. The results underline growth in execution and revenue realisation during the year and point to improved margins and scale. The PGVCL order will be monitored as part of the company's execution pipeline and its contribution to revenue recognition will depend on progress under the contract.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Real Estate

06 Aug 2026

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Building Material

06 Aug 2026

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..