Rajesh Power Services has secured a significant infrastructure contract worth ₹75.05 crore (including taxes) from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL). The order, received on July 27, 2026, involves the execution of a 132/33 kV, 2X50 MVA Gas Insulated Switchgear (GIS) Substation at Pal, Jodhpur, along with associated transmission lines. This win reinforces the company's presence in the domestic power transmission sector and adds to its order book with a defined 18-month execution timeline.

The contract is structured as a turnkey arrangement, requiring Rajesh Power Services to handle all aspects of the project lifecycle. The scope of work includes survey, supply of all equipment and materials, erection involving civil works, testing, and final commissioning. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Contract Details

The following table outlines the key terms of the agreement awarded by the domestic entity:

Jyoti Dakshesh Mochi, Company Secretary and Compliance Officer of Rajesh Power Services Limited, confirmed that the order was received in the normal course of business. The filing explicitly states that there is no interest held by the promoter, promoter group, or group companies in RVPNL, ensuring the transaction is at arm's length.

Strategic Implications

The acquisition of this ₹75.05 crore order highlights Rajesh Power Services' capability in executing complex GIS substation projects. With an 18-month delivery window, the revenue recognition will be spread over the coming quarters, providing visibility into future cash flows. The involvement of civil works and full equipment supply under a single turnkey contract reflects integrated project management capabilities, which are critical for large-scale power infrastructure developments in India.

Rajesh Power Services has secured a new order worth ₹40.58 crore from Paschim Gujarat Vij Company Limited (PGVCL) for a turnkey contract in Gujarat. The order involves the supply, installation, testing, and commissioning of 11 kV Medium Voltage Covered Conductor (MVCC) with accessories and allied items in the 11KV feeder under the Jamnagar Circle of PGVCL under the System Improvement (SI) Scheme. The project is to be executed within a period of 12 months.

Order Details

The order was awarded by a domestic entity and falls under the category of Turnkey Contracts. The broad consideration for the contract is ₹40.58 crore, inclusive of taxes. The company confirmed that the promoter, promoter group, or group companies do not have any interest in the entity that awarded the order, and the transaction does not fall within related party transactions.

Regulatory Filing

The intimation regarding the receipt of the order was submitted to BSE Limited on July 22, 2026. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Jyoti Dakshesh Mochi, Company Secretary and Compliance Officer, signed the filing.