Rajesh Power Shares Jump on New GIS and Underground Orders

25 Sep 2025 CW Team

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.

Technology

24 Nov 2025

Buildroid AI Raises USD 2 Million to Launch Construction Robots

Buildroid AI has emerged from stealth with USD 2 million in pre-seed funding led by Tim Draper, marking the launch of its first AI-driven block-laying robot, unveiled at the Big Five Construction Conference in Dubai. The initiative targets productivity challenges in the UAE construction sector, which is projected to grow 5.2 per cent in 2025 and reach USD 130 billion by 2029.Founded by Slava Solonitsyn, a YC alumnus and former founder of Mighty Buildings, and Anton Glance, founder of Glance Clock, Buildroid initially aims to transform partition wall-building before scaling to wider application..

Western Corridor Launches Fastest Route to Walvis Bay Port

Zambia has commenced construction on the Western Corridor Transformation Project, a Public-Private-Partnership (PPP) initiative led by Western Corridor Limited (WCL), marking the launch of the fastest trade route from Zambia to Walvis Bay Port in Namibia. The groundbreaking ceremony in Kasempa was officiated by the President of Zambia, Mr Hakainde Hichilema, with senior government officials, private sector partners, and community representatives in attendance.Developed through an SPV incorporated by BeefCo Limited and First Quantum Minerals (FQM) Limited, WCL is upgrading the existing gravel a..

India Ranks 2nd in APAC Private Credit Fundraising: Knight Frank

India has emerged as the second-largest real estate private credit market in Asia-Pacific, contributing 36 per cent of regional fundraising between 2020 and 2024, according to Knight Frank’s Horizon Report: The Rise of Real Estate Credit in Asia-Pacific – Bridging the Gap. Private credit assets under management in India have risen from USD 0.7 billion in 2010 to USD 17.8 billion in 2023, supported by regulatory reforms, diversified funding structures, and sustained demand for flexible financing. India is expected to contribute 20–25 per cent of the region’s projected USD 90–110 billi..