Rajesh Power Services Wins ₹864.80 Crore Orders in Q1FY27, Revenue at ₹436.62 Crore
Rajesh Power Services reported ₹864.80 crore in new orders during Q1FY27, including a ₹211.68 crore OPTCL order for a 220 kV underground transmission cable in Odisha and a ₹653.12 crore PGVCL order for underground power distribution in Gujarat. The company posted revenue from operations of ₹436.62 crore for the quarter ended June 30, 2026, and held an unexecuted order book of ₹3,741.79 crore. Its long-term credit rating was reaffirmed at CRISIL A-/Positive.
*this image is generated using AI for illustrative purposes only.
Rajesh Power Services reported new orders worth ₹864.80 crore during Q1FY27, marking a significant entry into Odisha alongside continued expansion in Gujarat. The company secured a ₹211.68 crore order from Odisha Power Transmission Corporation Limited (OPTCL) for constructing a 220 kV underground transmission cable, and a ₹653.12 crore order from Paschim Gujarat Vij Company Limited (PGVCL) for underground power distribution projects. The company recorded revenue from operations of ₹436.62 crore for the quarter ended June 30, 2026, and maintained an unexecuted order book of ₹3,741.79 crore, including L1 orders.
Q1 FY26-27 Financials
The company disclosed its unaudited revenue for the first quarter of the financial year 2026-27.
| Particulars | Q1 FY26-27 (Unaudited) |
|---|---|
| Revenue from Operations | ₹436.62 crore |
| Unexecuted Order Book (as on June 30, 2026) | ₹3,741.79 crore |
Business Highlights
The following table details the major orders secured and credit rating update during the quarter:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | OPTCL Order | Construction of a 220 kV underground transmission cable connecting GSS Mendhasal with GIS Chandaka B in Odisha. Includes extension of AIS bay at Mendhasal and GIS bay at Chandaka B. Value: ₹211.68 crore (including taxes). |
| 2 | PGVCL Order | Conversion of existing 11kV HT and LT line network into underground cable network with ring main system, GIS mapping, and asset tagging at Bhavnagar, Anjar, Junagadh, and Porbandar circles in Gujarat. Value: ₹653.12 crore (including taxes). |
| 3 | Credit Rating | Long Term Rating CRISIL A-/Positive (Outlook revised from 'Stable'; Rating reaffirmed). |
Regulatory Disclosure
The intimation was submitted to BSE Limited on July 16, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jyoti Dakshesh Mochi, Company Secretary and Compliance Officer, signed the filing.
Historical Stock Returns for Rajesh Power Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.78% | +6.23% | +0.92% | -5.67% | -35.57% | +30.21% |
How will the new entry into the Odisha market impact the company's geographical revenue mix going forward?
What is the expected execution timeline for the large ₹653 crore PGVCL order and its impact on FY27 margins?
Will the positive credit rating outlook facilitate better borrowing terms for funding the expansion in new territories?
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