Rajesh Power Wins Rs 598 Million Order for GIFT City

20 Jun 2025 CW Team

Rajesh Power Services Ltd (RPSL) gained 1.12 per cent, closing at Rs 1,525, after securing a domestic order worth Rs 598 million from Gift Power Company. The contract involves the development of distribution and backup power systems across the SEZ (Special Economic Zone) and DTA (Domestic Tariff Area) of GIFT City, located in Gandhinagar, Gujarat.

The project, to be executed over 18 months, is segmented into three parts. Part A involves building grid power infrastructure in both SEZ and DTA zones. Part B focuses on backup power systems exclusively for the SEZ, while Part C addresses the expansion of substation feeders in the DTA.

This initiative is expected to enhance power reliability and operational readiness for GIFT City's rapidly growing infrastructure needs. RPSL confirmed the contract is purely domestic and clarified that neither the promoter group nor any group companies have any interest in Gift Power Company. As such, the agreement does not fall under related party transactions.

RPSL provides consultancy and engineering services to state transmission and distribution firms, private utilities, and industrial clients.

For FY25, the company reported a 285.5 per cent increase in net profit, reaching Rs 260.2 million, while net sales rose 37.5 per cent to Rs 2.85 billion, compared to the previous financial year.

This latest contract reinforces RPSL’s strategic focus on high-impact utility infrastructure and expands its footprint in one of India's most ambitious urban developments.

Infrastructure Urban

14 Oct 2025

DRI Introduces Advanced Fresh Air Solutions for Large Buildings

DRI has unveiled its latest solutions for indoor air quality (IAQ) and energy-efficient ventilation in large enclosed buildings: the Treated Fresh Air Handling Units (TFA) and Dedicated Outdoor Air Systems (DOAS). The TFA units integrate EcoFresh Molecular Sieve Coated Heat Wheels to deliver optimal IAQ while promoting energy savings. The modular design allows additional functions such as cooling, heating, humidification, high-efficiency filtration, mixing, and sound attenuation. Maintenance is minimal, with standard filters and fan assemblies designed for reliability and ease of service. TFA..

Dia Mirza-backed Without® Launches FOAK Recycling Plant in Pune

Without®, an impact-first deep-tech material science enterprise, has inaugurated its first-of-a-kind (FOAK) recycling demonstration plant in Pune. The 1,030 sq. m facility can process up to 5 tons per month of “unrecyclable” plastic waste, offering end-to-end operations from material intake and separation to chemical transformation, purification, product manufacturing, and quality testing. The demonstration plant serves as a precursor to a commercial facility planned for next year. The launch follows the successful closure of a $1.9 million (approx. Rs 16.8 crore) seed funding round led ..

Capital India Home Loans Rebrands as People Home Finance

"Capital India Home Loans, a wholly owned subsidiary of Weaver Services, has announced its rebranding to People Home Finance Limited, underscoring its vision to build an inclusive, technology-led housing finance company serving India’s vast informal and self-employed segment. The rebranding follows the company’s $170 million investment round announced on 19 August 2025, led by Lightspeed, Premji Invest, and Gaja Capital. The new identity marks the next phase of expansion across Tier 2 and Tier 3 cities, with continued investments in branch infrastructure, people, proprietary technology, a..