Rajesh Power Services Ltd Secures ₹362.83 Crore Order from PGVCL for Network Modernization Projects
Rajesh Power Services Limited, a leading EPC Contractor in the power transmission and distribution sector, announced that it has secured new orders totaling ₹ 362.83 crores (including taxes) from Paschim Gujarat Vij Company Limited (PGVCL), a state undertaking of the Government of Gujarat.The contracts involve turnkey projects focused on modernizing and converting existing electrical infrastructure. The scope includes transforming the current 11kV High Tension (HT) Line and Low Tension (LT) Line network into an Under Ground Cable Network. These projects will incorporate a Ring Main System, GIS mapping, and asset tagging at Jamnagar circle in Gujarat.
Mr. Kurang Panchal, Managing Director of Rajesh Power Services Limited, stated that the order marks another significant milestone for the company. He noted that the project reflects ongoing investments aimed at strengthening India's power distribution infrastructure. RPSL remains committed to supporting this sector transformation through engineering excellence, sustainable value creation, and network reliability enhancement.
Rajesh Power Services Limited is a specialized Engineering, Procurement and Construction (EPC) company operating within the Power Transmission and Distribution industry. The firm offers comprehensive services across various verticals, including Turnkey execution of GIS Substations, AIS Substations, Extra High Voltage Power Cables and Transmission Lines, construction of Distribution Systems, and operation and maintenance services.
With expertise spanning over five decades, RPSL maintains a strong customer-focused approach to deliver top-class quality in its core business area. The company successfully executes projects across multiple states, including Gujarat, Rajasthan, Uttarakhand, Maharashtra, Madhya Pradesh, and Orissa. RPSL is committed to safety and reliability, backed by comprehensive ISO certifications such as ISO 9001, 14001, 45001, 50001, and 55001.
Stock Price Movement
Rajesh Power Services Ltd shares settled at ₹859.65 on Tuesday, advancing 0.59% in the session. The stock moved across its range throughout the day, touching a low of ₹849.05 and peaking at ₹877.00.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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