Back-to-back mega order wins from Gujarat’s power utilities; Order book expands by ~35%, creating strong multi-year execution visibility

Ahmedabad: Rajesh Power Services Limited (RAJESH) BSE: 544291, ISIN: INE0VN801010 has secured a landmark turnkey order worth ₹1,628.74 crore (inclusive of taxes) from Dakshin Gujarat Vij Company Limited (DGVCL), significantly strengthening its growth trajectory.

With this mega order, the Company’s aggregate order book has surged to approximately ₹5,400 crore, representing an impressive ~35% expansion from 4,000 crore prior to this order.

Under the 24-month turnkey project, Rajesh Power will convert existing 11/22kV HT & LT overhead electricity distribution networks into modern underground cable systems with SCADA-compatible equipment across multiple locations under DGVCL’s SI Scheme.

The latest order comes on the back of strong business performance, with the Company reporting 46% year on-year revenue growth in H1 FY27, accompanied by healthy profitability and improving cash generation.

With a substantially enlarged order book, back-to-back mega order wins and strong sectoral opportunities in power distribution modernisation, Rajesh Power is entering an important phase of business expansion.

KEY INVESTOR HIGHLIGHTS:

  • New DGVCL Order: ₹1,628.74 Crore
  • Execution Timeline: 24 Months
  • Aggregate Order Book: ~₹5,400 Crore
  • Order Book Expansion: ~35%
  • Previous MGVCL Order: ₹471.92 Crore
  • H1 FY27 Revenue Growth: 46% YoY

Rajesh Power: Entering a New Scale of Operations –

With over five decades of experience, Rajesh Power Services Limited operates as a specialised Engineering, Procurement and Construction (EPC) company in India’s Power Transmission and Distribution sector.

Its capabilities span:

  • GIS and AIS substations
  • Extra High Voltage power cables
  • Power transmission lines
  • Distribution network infrastructure
  • Underground cabling projects
  • Operation and maintenance services

The Company operates across Gujarat, Rajasthan, Uttarakhand, Maharashtra, Madhya Pradesh and Odisha.

Its comprehensive ISO certifications, including ISO 9001, 14001, 45001, 50001 and 55001, reflect its commitment to quality, environmental management, occupational health and safety, energy management and asset management.

The focus now is on disciplined execution, profitable growth and creating sustainable long-term value for shareholders.