Rajesh Power Services zooms on securing LoA worth Rs 69 crore
Mumbai, October 15 (Udaipur Kiran): Rajesh Power Services is currently trading at Rs. 831.05, up by 35.20 points or 4.42% from its previous closing of Rs. 795.85 on the BSE.
The scrip opened at Rs. 808.00 and has touched a high and low of Rs. 840.00 and Rs. 800.15 respectively. So far 51800 shares were traded on the counter.
The BSE group ‘M’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1605.00 on 16-Oct-2025 and a 52 week low of Rs. 705.00 on 28-Sep-2026.
Last one week high and low of the scrip stood at Rs. 840.00 and Rs. 728.55 respectively. The current market cap of the company is Rs. 1498.22 crore.
The promoters holding in the company stood at 71.93%, while Institutions and Non-Institutions held 3.83% and 24.24% respectively.
Rajesh Power Services has received a Letter of Acceptance (LoA) from Uttar Gujarat Vij Company (UGVCL) for a turnkey contract with a total order value of Rs 69 crore (inclusive of Welfare Cess and GST). 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 Gujarat Urja Vikas Nigam) and Asset Tagging under the ND Scheme. The order is to be executed within 12 months.
This is the company’s second order in a row within a week, following the Rs 471.92 crore on turnkey contracts (inclusive of taxes) from Madhya Gujarat Vij Company (MGVCL) announced on October 12, 2026. Together, the two orders have a combined value of Rs 540.92 crore, inclusive of taxes.
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.
Rajesh Power Services (RPSL) is amongst the largest players in the country, firmly established in the underground power transmission and infrastructure EPC space.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
