Rajesh Power Shares Jump on New GIS and Underground Orders
POWER & RENEWABLE ENERGY

Rajesh Power Shares Jump on New GIS and Underground Orders

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.
Rajesh Power is an Engineering, Procurement & Construction (EPC) company active in the power transmission and distribution sector. Its services include GIS and AIS substations, extra high-voltage power cables, transmission lines, and construction of distribution systems, catering to government and institutional clients across India. 

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.Rajesh Power is an Engineering, Procurement & Construction (EPC) company active in the power transmission and distribution sector. Its services include GIS and AIS substations, extra high-voltage power cables, transmission lines, and construction of distribution systems, catering to government and institutional clients across India. 

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code