+
Rajesh Power Wins Rs 598 Million Order for GIFT City
POWER & RENEWABLE ENERGY

Rajesh Power Wins Rs 598 Million Order for GIFT City

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.

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.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?