Rajesh Power Services Bags ₹211.68 Crore Order from OPTCL, Marking Entry into Odisha Market
Rajesh Power Services Limited (RPSL), a leading EPC contractor in the power transmission and distribution sector, announced on June 17, 2026, that it has secured new orders worth ₹211.68 crore (including taxes) from the Government of Odisha undertaking, Odisha Power Transmission Corporation Limited (OPTCL).The contract marks RPSL's entry into the Odisha market and represents one of the largest project wins for the company in the transmission segment. The orders concern the construction of a 220 kV underground transmission cable. This cable will connect the Grid Substation (GSS) at Mendhasal with the Gas Insulated Substation (GIS) at Chandaka B in Odisha.
The scope of work also involves extending both the Air Insulated Substation (AIS) bay at Mendhasal and the Gas Insulated Substation (GIS) bay at Chandaka B.
Commenting on this significant development, Mr. Kurang Panchal, Managing Director of Rajesh Power Services Limited, stated that the award from OPTCL is an important milestone for the company's expansion into Odisha. He noted that the order reflects the confidence utilities place in RPSL's technical expertise and execution capabilities within the transmission and distribution sector.
Mr. Panchal added that the company looks forward to partnering with OPTCL to strengthen the state's power transmission infrastructure, committed to delivering projects to the highest standards of quality and reliability.
Rajesh Power Services Limited specializes in the execution of power transmission and distribution projects across India. The company currently has an operational footprint spanning several states, including Gujarat, Rajasthan, Uttarakhand, Maharashtra, and Madhya Pradesh. RPSL is a specialized Engineering, Procurement & Construction (EPC) firm providing services across various verticals, such as turnkey execution of GIS and AIS Substations, Extra High Voltage Power Cables, and transmission line construction.
Stock Price Movement
As of 12:42, shares of Rajesh Power Services Ltd are ticking up at ₹871.00, achieving a 2.60% gain. The stock has traded within an intraday range, having moved between a low of ₹842.50 and a high of ₹876.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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