Rajesh Power Services Limited has secured turnkey contracts worth ₹471.92 crore, inclusive of taxes, from Madhya Gujarat Vij Company Limited (MGVCL) to strengthen electricity distribution infrastructure across Gujarat. The contracts add more than 10% to the company’s order book in a single transaction, taking its aggregate order book close to ₹4,000 crore and providing an execution timeline of 18 months.
The contracts involve conversion of existing Hight Tension 11kV Overhead lines into Medium Voltage Covered Conductor (MVCC), as well as Underground Cable network at various locations across Gujarat under MGVCL’s SI Scheme Robust-III.
The latest order represents a significant addition to the Company’s power infrastructure portfolio and reinforces its presence in the power transmission and distribution (T&D) segment. It also strengthens the Company’s project execution pipeline and provides an expanded base of secured projects to be executed over the coming period.
The project aligns with the ongoing modernisation of electricity distribution networks, with a focus on strengthening infrastructure through covered conductors and underground cabling. Rajesh Power Services Limited will leverage its technical expertise, project management capabilities and operational resources to execute the project in accordance with the contractual requirements.
Commenting on the development, Mr. Kurang Panchal, Chairman & Managing Director at Rajesh Power Services Limited said: “This significant order from MGVCL marks an important milestone for Rajesh Power Services Limited. With our aggregate order book reaching approximately ₹4000 crore, we continue to strengthen our project pipeline and business visibility. We remain focused on disciplined execution, operational efficiency, quality and safety while pursuing opportunities aligned with India’s expanding power infrastructure requirements.”
The Company continues to focus on executing its secured project portfolio and pursuing opportunities in electricity distribution infrastructure modernisation. The conversion of the enlarged order book into revenue and profitability will depend on project execution, contractual milestones, costs and workingcapital requirements.
