Rajesh Power Services Ltd Secures Rs 211.68 Crores Order from OPTCL for Odisha Transmission Project
Rajesh Power Services Ltd has secured a significant order worth Rs 211.68 Crores to execute transmission infrastructure work for the State of Odisha, marking a major expansion into the state's market. The contract details the Design, Engineering, Supply, Installation, Testing, and Commissioning works on an EPC (Engineering, Procurement, Construction) basis.The order was awarded by Odisha Power Transmission Corporation Limited (OPTCL). The project involves the construction of a 220kV SC line through Underground Cable connecting 400/220/132/33kV GSS Mendhasal to 220/132/33kV GIS GSS Chandaka-B. This scope also includes providing one 220kV AIS bay extension at GSS Mendhasal and one 220kV GIS bay extension at Chandaka-B.
This contract represents a significant milestone for Rajesh Power Services Ltd, who is now expanding its geographical footprint into Odisha and strengthening its presence in the eastern region of India. The award is described as among the largest orders secured by the company in the transmission segment, reinforcing confidence from leading power transmission utilities.
The engagement aligns with the company's capabilities in executing complex transmission infrastructure projects on an EPC basis. This order strengthens the firm’s order book and contributes meaningfully to its long-term growth pipeline.
Key details of the contract are presented below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Odisha Power Transmission Corporation Limited (OPTCL) |
| Contract Nature | Turnkey Contracts |
| Order Scope | Design, Engineering, Supply, Installation, Testing & Commissioning works for 220kV SC line through Underground Cable and associated bay extensions. |
| Contract Value | Rs 211.68 Crores (Incl. Taxes) |
| Execution Timeline | 24 Months |
| Origin of Order | Domestic Entity |
Stock Price Movement
As of 11:10, Rajesh Power Services Ltd. is edging higher after a +2.48% jump, with the stock currently trading at ₹871.70. The shares experienced substantial intraday movement, oscillating between a low of ₹842.50 and an intra-day high of ₹873.90.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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