Order Details
Nature of Disclosure: Press release announcing new contract awards
Date: October 12, 2026
Location: Ahmedabad
Contract Value: ₹471.92 crore (inclusive of taxes)
Awarding Authority: Madhya Gujarat Vij Company Limited (MGVCL)
Project Type: Turnkey contracts for strengthening electricity distribution infrastructure across Gujarat
Project Scope: Conversion of existing High Tension 11kV Overhead lines into Medium Voltage Covered Conductor (MVCC) and Underground Cable network at various locations across Gujarat under MGVCL's SI Scheme Robust-III
Execution Timeline: 18 months
Financial Impact
Order Book Addition: The order adds over 10% to the company's existing order book
Aggregate Order Book: Now nearing ₹4,000 crore
Execution Visibility: Secures 18 months of execution visibility
Strategic Significance
The order represents a significant addition to the company's power infrastructure portfolio and reinforces its presence in the power transmission and distribution (T&D) segment. It strengthens the company's project execution pipeline and provides an expanded base of secured projects to be executed over the coming period.
Management Commentary
Mr. Kurang Panchal, Chairman & Managing Director, stated: "This significant order from MGVCL marks an important milestone for Rajesh Power Services Limited. With our aggregate order book reaching approximately ₹4,000 crore, we continue to strengthen our project pipeline and business visibility. We remain focused on disciplined execution, operational efficiency, quality and safety while pursuing opportunities aligned with India's expanding power infrastructure requirements."
Forward-Looking Statements
The company continues to focus on executing its secured project portfolio and pursuing opportunities in electricity distribution infrastructure modernisation. The conversion of the enlarged order book into revenue and profitability will depend on project execution, contractual milestones, costs and working capital requirements.
Company Background
RPSL is a leading specialized Engineering, Procurement and Construction (EPC) company engaged in the Power Transmission and Distribution Sector, providing services across various verticals including Turnkey execution of GIS Substations, AIS Substations, Extra High Voltage Power Cables and Transmission Lines, construction of Distribution Systems and operation and maintenance services. The company is executing projects in Gujarat, Rajasthan, Uttarakhand, Maharashtra, Madhya Pradesh and Orissa, and holds comprehensive ISO certifications (ISO 9001, 14001, 45001, 50001, and 55001).
Cautionary Note
The press release contains forward-looking statements subject to known and unknown risks and uncertainties, and the company has no obligation to update any such information.
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