Latest news with #RajeshPowerServices
Business Standard
08-07-2025
- Business
- Business Standard
Rajesh Power Services jumps on securing Rs 220-cr order from MGVCL
Rajesh Power Services rose 3.70% to Rs 1,400 after the company announced that it has secured an order worth Rs 220.18 crore from Madhya Gujarat Vij Company (MGVCL), Vadodara, Gujarat. The order is for a turnkey project involving the supply, installation, testing, and commissioning of 11 kV Medium Voltage Covered Conductor (MVCC) under two key state schemesKisan Suryoday Yojana (KSY) and Vanbandhu Kalyan Yojana (VKY-2). The project is scheduled to be completed within 9 months. Rajesh Power Services (RPSL) provides consultancy to state transmission and distribution companies, private utilities, and industries. On a full-year basis, the companys net profit surged 285.5% to Rs 26.02 crore on a 37.5% jump in net sales to Rs 284.97 crore in FY25 over FY24.
Business Upturn
08-07-2025
- Business
- Business Upturn
Rajesh Power secures Rs 220 crore turnkey contract from MGVCL
By Aman Shukla Published on July 8, 2025, 11:03 IST Rajesh Power Services has secured a significant order from Madhya Gujarat Vij Company Limited (MGVCL), based in Vadodara, Gujarat. The contract involves a turnkey project for the supply, installation, testing, and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) lines. These works will be carried out across various locations under two key state-backed initiatives: the Kisan Suryoday Yojana (KSY) and the Vanbandhu Kalyan Yojana (VKY -2). The project is entirely domestic in nature and forms part of the company's routine business operations. The total value of the order stands at ₹220.18 crore, and the execution is expected to be completed within a period of nine months. This development further strengthens Rajesh Power's footprint in the infrastructure and electrification segment, especially in rural and underserved regions of Gujarat. The company also confirmed that this order does not fall under related party transactions, and none of its promoter group entities have any involvement with the awarding authority. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
18-06-2025
- Business
- Business Standard
Rajesh Power gains on securing Rs 60-cr order for power project in Gandhinagar
Rajesh Power Services (RPSL) added 1.12% to Rs 1,525 after the firm has received orders worth Rs 59.79 crore from Gift Power Company for distribution & backup power system in SEZ Area & DTA Area of GIFT City, Gandhinagar, Gujarat. The contract awarded covers the development of distribution and backup power systems in the SEZ and DTA zones of GIFT City. As per the agreement, Part A involves setting up grid power supply infrastructure across both SEZ and DTA areas. Part B focuses on establishing backup power arrangements exclusively for the SEZ area, while Part C pertains to the expansion of substation feeders in the DTA zone. The project is aimed at enhancing the power reliability and operational readiness of GIFT Citys growing infrastructure. The nature of the contract pertains to a power supply arrangement within GIFT City. This is a domestic order with a total contract value of Rs 59.79 crore. The project is scheduled to be executed over a period of 18 months, encompassing the development and installation of both grid and backup power systems across the SEZ and DTA zones of the city. The company confirmed that the promoter, promoter group, or group companies have no interest in the entity that awarded the contract, and therefore the disclosure is not applicable. Additionally, the contract does not fall under related party transactions, making the question of arms length pricing not applicable. Rajesh Power Services (RPSL) provides consultancy to state transmission and distribution companies, private utilities, and industries. On full-year basis, the companys net profit surged 285.5% to Rs 26.02 crore on 37.5% jump in net sales to Rs 284.97 crore in FY25 over FY24.
Business Upturn
18-06-2025
- Business
- Business Upturn
Rajesh Power Services bags R 59.79 crore contract from GIFT Power Company
Rajesh Power Services has bagged a significant order worth ₹59.79 crore from GIFT Power Company Limited for the design and execution of a comprehensive distribution and backup power system in Gujarat's GIFT City. This project spans both the SEZ (Special Economic Zone) and DTA (Domestic Tariff Area) zones of India's first operational smart city, located in Gandhinagar. The contract includes three main components: Part A and Part B focus on establishing reliable grid and backup power supply systems in the SEZ and DTA zones, while Part C covers the expansion of substation feeder lines within the DTA area. The scope of work is extensive and aligns with GIFT City's mission to enhance critical infrastructure and ensure uninterrupted power supply to its commercial and residential developments. Advertisement This is a purely domestic contract and does not involve any related party transactions, nor does it include any interest from the promoter group. The execution timeline for this order is set at 18 months.
Business Standard
04-06-2025
- Business
- Business Standard
Rajesh Power rises on securing MGVCL contracts as L1 bidder
Rajesh Power Services (RPSL) added 1.98% to Rs 1,335.50 after the company has been declared the successful bidder (L1) for multiple projects under the Madhya Gujarat Vij Company (MGVCL). These include a turnkey contract for the supply, installation, testing, and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) at various locations under the Kisan Suryoday Yojna (KSY) Scheme. Additionally, the company has secured two more contracts under the VKY-2 Scheme for the supply and installation of 11KV MVCC in Bodeli & Dabhoi Division and Dahod & Lunawada Division. These projects are expected to enhance the distribution network in the region, further strengthening the companys position in the power and infrastructure sectors. Rajesh Power Services (RPSL) provides consultancy to state transmission and distribution companies, private utilities, and industries. On full-year basis, the companys net profit surged 285.5% to Rs 26.02 crore on 37.5% jump in net sales to Rs 284.97 crore in FY25 over FY24.
