Rajesh Power Services Limited, has received a Letter of Acceptance (LoA), on Monday, from Uttar Gujarat Vij Company Limited (UGVCL) for a turnkey contract with a total order value of ₹69.004 crore (inclusive of Welfare Cess and GST). This is the Company’s second order in a row within a week, following the ₹471.92 crore on turnkey contracts (inclusive of taxes) from Madhya Gujarat Vij Company Limited (MGVCL) announced on October 12, 2026. Together, the two orders have a combined value of ₹540.924 crore, inclusive of taxes.
The contract covers site survey, designing, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery at site, handling, storage, installation, testing and commissioning, including documentation, for the shifting of existing electrical network at various locations of Adalaj, Kalol-1, Kalol-2, Kalol-T, Chhatral and Jagudan Subdivisions of Sabarmati and Mehsana Circle under UGVCL, with GIS Mapping / Geo Urja Mapping (developed by GUVNL) and Asset Tagging under the ND Scheme. The order is to be executed within 12 months.
The latest order further strengthens the Company’s presence in the power distribution segment and adds to its project execution pipeline. Coming within a week of the MGVCL order, it underlines the Company’s continued engagement with state power distribution utilities in Gujarat.
The project involves shifting of existing electrical network along with GIS Mapping / Geo Urja Mapping (developed by GUVNL) and Asset Tagging under the ND Scheme. 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: “Securing a second order in a row within a week, this time from UGVCL, reflects the confidence Gujarat’s power distribution utilities place in our execution capabilities. Together with the MGVCL contracts announced earlier this week, these orders add ₹540.92 Crore to our order book and further 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 working capital requirements.
