Rajesh Power Services Limited has announced a significant development in its business operations, securing substantial turnkey project orders from Uttar Gujarat Vij Company Limited (UGVCL). The company has received contracts valued at Rs 921.89 crores, marking a notable achievement in its order book.

Project Details

The newly acquired projects involve two main components:

1. Conversion of existing 11kV HT overhead networks into underground cable systems
2. Installation of 11kV Medium Voltage Covered Conductors (MVCC)

These projects are set to be executed across multiple locations in Gujarat, enhancing the state's power distribution infrastructure.

Contract Specifics

Key Points

• The orders were received in the normal course of business, indicating steady growth in the company's operations.
• Rajesh Power Services Limited has confirmed that these contracts do not involve any related party transactions.
• The company has also clarified that there is no involvement of promoter, promoter group, or group companies in the entity that awarded the contracts.

This development showcases Rajesh Power Services Limited's strong position in the power infrastructure sector and its capability to secure significant projects. The successful execution of these contracts over the next 18 months could potentially strengthen the company's market position and financial performance.

As the power sector continues to evolve with a focus on modernizing infrastructure, companies like Rajesh Power Services Limited play a crucial role in implementing these advancements. The conversion of overhead networks to underground systems and the installation of covered conductors are likely to improve the reliability and efficiency of power distribution in the regions where these projects will be implemented.

Rajesh Power Services Limited (RSPL), a leading EPC contractor in the Power Transmission & Distribution sector, has signed multiple Memorandums of Understanding (MoUs) with the Government of Gujarat, marking a significant milestone in the state's infrastructure development. The agreements, valued at ₹4,754 crore, were inked during the inaugural Vibrant Gujarat Regional Conference (VGRC) 2025 held at Ganpat University in Mehsana.

Project Details and Impact

The MoUs outline RSPL's commitment to establish and execute turnkey projects for converting overhead High Tension (HT) lines into underground cable networks across various regions of Gujarat. This initiative is expected to have a substantial impact on both infrastructure and employment in the state:

Significance of the Agreement

The signing of these MoUs underscores the Gujarat government's commitment to modernizing its power distribution infrastructure. By transitioning to underground cable networks, the state aims to enhance the reliability and efficiency of its power distribution system, potentially leading to improved service for consumers and businesses alike.

Mr. Kurang Panchal, Managing Director of Rajesh Power Services Limited, expressed enthusiasm about the company's involvement in this transformative project. He stated, "Each of these MoUs signed today marks a significant step toward strengthening the state's robust power distribution infrastructure and enhancing reliability for communities across the region."

Vibrant Gujarat Regional Conference 2025

The MoUs were signed on the first day of the Vibrant Gujarat Regional Conference 2025, a two-day business summit inaugurated by Gujarat Chief Minister Shri Bhupendra Patel and Union Minister Shri Ashwini Vaishnaw. The event, which runs from October 9 to 10, 2025, serves as a platform for fostering business partnerships and attracting investments to the state.

Company Background

Rajesh Power Services Limited, headquartered in Ahmedabad, has been a key player in the power sector for over five decades. The company specializes in Engineering, Procurement & Construction (EPC) services, focusing on power transmission and distribution projects. RSPL's expertise spans various areas, including:

• GIS Substations
• AIS Substations
• Extra High Voltage Power Cables
• Transmission Lines
• Distribution Systems Construction

This latest agreement with the Gujarat government reaffirms RSPL's commitment to contributing to the state's development and supporting its vision of becoming a model state in power sector reforms and infrastructure modernization.

The successful execution of these projects is expected to not only enhance Gujarat's power infrastructure but also contribute significantly to the state's economic growth and employment opportunities in the coming years.