Event Disclosure
Company received Letter of Acceptance (LoA) dated October 13, 2026 from Uttar Gujarat Vij Company Limited (UGVCL) for a turnkey contract.
Contract Details
- Total Order Value: ₹69.004 crore (inclusive of Welfare Cess and GST)
- Execution Timeline: 12 months
- Awarding Authority: Uttar Gujarat Vij Company Limited (UGVCL), subsidiary of Gujarat Urja Vikas Nigam Limited (GUVNL)
- Project Scope: Turnkey contract covering site survey, designing, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery at site, handling, storage, installation, testing and commissioning including documentation
- Specific Work: Shifting of existing electrical network with GIS Mapping / Geo Urja Mapping (developed by GUVNL) and Asset Tagging under ND Scheme
- Project Locations: Adalaj, Kalol-1, Kalol-2, Kalol-T, Chhatral and Jagudan Subdivisions of Sabarmati and Mehsana Circle under UGVCL
Order Momentum
This is the second order within a week, following ₹471.92 crore turnkey contracts from Madhya Gujarat Vij Company Limited (MGVCL) announced on October 12, 2026. Combined value of both orders: ₹540.924 crore (inclusive of taxes).
Management Commentary
Mr. Kurang Panchal, Chairman & Managing Director stated: "Securing a second order in a row within a week reflects the confidence Gujarat's power distribution utilities place in our execution capabilities. These orders add ₹540.92 Crore to our order book and strengthen our project pipeline and business visibility."
Business Impact
- Strengthens company's presence in power distribution segment
- Adds to project execution pipeline
- Enhances order book visibility
- Conversion to revenue and profitability depends on project execution, contractual milestones, costs and working capital requirements
Company Background
RPSL is a leading specialized EPC company in Power Transmission and Distribution Sector with services across:
- Turnkey execution of GIS Substations, AIS Substations
- Extra High Voltage Power Cables and Transmission Lines
- Construction of Distribution Systems
- Operation and maintenance services
Geographic Presence: Executing projects in Gujarat, Rajasthan, Uttarakhand, Maharashtra, Madhya Pradesh and Orissa
Certifications: ISO 9001, 14001, 45001, 50001, and 55001
Cautionary Statement
Press release contains forward-looking statements subject to known and unknown risks and uncertainties. Actual results may differ substantially from expected future results.