Rajesh Power Services Limited (RPSL) has announced that it has secured new orders worth ₹653.12 crore (including taxes) from Paschim Gujarat Vij Company Limited (PGVCL), a Government of Gujarat undertaking.
The new contracts further strengthen the company's position in the power transmission and distribution sector, particularly in underground power infrastructure projects.
The projects involve converting the existing 11kV High Tension (HT) and Low Tension (LT) overhead power lines into underground cable networks.
The work will also include:
The projects will be carried out across the Bhavnagar, Anjar, Junagadh and Porbandar circles in Gujarat.
Commenting on the order win, Kurang Panchal, Managing Director of Rajesh Power Services Limited, said that the contracts reflect the company's strong execution capabilities, technical expertise and experience in delivering complex power infrastructure projects.
He added that the new orders reinforce the company's leadership in underground power distribution projects and demonstrate its ability to complete large-scale assignments while maintaining high standards of quality and safety. He also said the company looks forward to supporting PGVCL in strengthening Gujarat's power distribution network.
Rajesh Power Services Limited is an engineering, procurement and construction (EPC) company specialising in the power transmission and distribution sector.
The company undertakes a wide range of projects, including:
On July 9, 2026, Rajesh Power Services share price was trading at ₹855, up ₹35.80 (4.37%) for the day. The stock opened at ₹830, touched an intraday high of ₹873.90, and fell to a low of ₹816.15. The company had a market capitalisation of approximately ₹1.54 thousand crore and was trading at a price-to-earnings (P/E) ratio of 10.75.
Read more: Gold Falls Over 12% in June 2026, Set for Biggest Monthly Decline Since October 2008!
The ₹653.12 crore order from PGVCL marks another significant project win for Rajesh Power Services Limited.
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Published on: Jul 9, 2026, 1:07 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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