Rajesh Power Services Ltd Share Price – BSE

Infrastructure Developers & Operators, Small Cap

Rajesh Power Services has received Letter of Intent from Gujarat Urja Vikas Nigam (GUVNL) for the development of 65 MW / 130 MWh Standalone Battery Energy Storage System (BESS) at Virpore in Gujarat under Tariff-Based Competitive Bidding (Phase -VII) with Viability Gap Funding supported through Power System Development Fund (PSDF).

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Rajesh Power Services has received the following orders: -

1. Supply, Installation, Testing & Commissioning of 220kV Underground Cable at proposed 220kV Dholera Substation from Gujarat Energy Transmission Corporation (GETCO) aggregating to Rs 40.08 crore and

2. Design, Supply, Erection, Testing & Commissioning of 132kV Transmission Line and associated Line Bays at GSS Nabinagar (in Joint Venture with a Private Company) from East Central Railway aggregating to Rs 45.16 crore.

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The GETCO contract, valued at Rs 40.08 crore, involves the supply, installation, testing, and commissioning of a 220 kV underground cable at the proposed 220 kV Dholera Substation. The project is slated for completion within six months.

The second contract, awarded by East Central Railway and valued at Rs 45.16 crore, pertains to the design, supply, erection, testing, and commissioning of a 132 kV transmission line and associated line bays at the GSS Nabinagar substation. This project will be executed in joint venture with a private company and is scheduled for completion in 18 months.

Both contracts are fully domestic, fall under turnkey execution, and do not involve any related-party transactions. The company confirmed that neither the promoters nor the promoter group holds any interest in the awarding entities.

Rajesh Power Services provides consultancy to state transmission and distribution companies, private utilities, and industries.

The company?s consolidated net profit surged 119.84% to Rs 58.06 crore on a 103.74% jump in net sales to Rs 637.81 crore in Q2 FY26 over Q2 FY25.

Shares of Rajesh Power Services tanked 4.91% to currently trade at Rs 1,306 on the BSE.

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Rajesh Power Services will hold a meeting of the Board of Directors of the Company on 13 November 2025.

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