Press Release / New orders of 1,116 Crore
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Rajesh Power Services Ltd (RPSL), an EPC contractor in power transmission and distribution, has secured new orders worth Rs. 1,116 Crores from government and institutional customers. The orders cover turnkey works for 11/22KV HT underground cable and overhead MVCC networks in Gujarat, 220/66kV GIS/AIS substations, and 132kV/66kV underground cable projects — all in Gujarat. These orders are expected to be completed within 12 to 18 months. The company recently listed on the BSE SME platform in December 2024 after raising Rs. 160.5 crore via IPO.
This is a significant order win, with the Rs. 1,116 Crore order value being several times the company's recent IPO size, suggesting strong revenue visibility over the next 12-18 months. Positive for shareholders as it indicates robust business momentum and strong order book growth in the power infrastructure segment.