Synopsis:
Rajesh Power Services Ltd received a ₹61.53 Cr turnkey contract from PGVCL for 11 KV MVCC work in Porbandar under the Kisan Suryodaya Yojana. The domestic project will be executed within 9 months.
The shares of the power company, specializing in power transmission and distribution services as a leading EPC contractor, jumped upto 2 percent, receiving a Turnkey Contract from Paschim Gujarat Vij Company Limited (PGVCL) for a worth of Rs. 61.53 Crore.
With a market capitalization of Rs. 2,574.88 Crores on Friday, the shares of Rajesh Power Services Ltd rose by 2.1 percent after making a high of Rs. 1459.95 compared to its previous closing price of Rs. 1428.80.
What Happened
Rajesh Power Services Ltd, engaged in power transmission and distribution services as a leading EPC contractor, has received a Turnkey Contract from Paschim Gujarat Vij Company Limited (PGVCL), Rajkot.
The order is for the Supply, Installation, Testing, and Commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) in the Porbandar Circle under the Kisan Suryodaya Yojana (KSY) Scheme. The order, valued at Rs. 61.53 Crore, is to be executed over a period of 9 months and has been received in the ordinary course of business.
Financials & Others
The company’s revenue increased by 142.5 percent, from Rs. 313 crore in September 2024 to Rs. 759 crore in March 2025. Meanwhile, the net profit more than doubled, rising from Rs. 28 crore to Rs. 60 crore during the same period.
The company demonstrates strong financial performance with a Return on Capital Employed (ROCE) of 54.7% and a Return on Equity (ROE) of 50.8%. It maintains a healthy balance sheet with a low debt-to-equity ratio of 0.22 and has shown a consistent track record, delivering an average 3-year ROE of 40.
Rajesh Power Services Ltd (RPSL) is a leading player in India’s power infrastructure sector, established in 1971 and headquartered in Ahmedabad, Gujarat. The company specializes in providing engineering, procurement, and construction (EPC) solutions for both renewable and non-renewable energy projects, including underground and overhead transmission lines, EHV substations, and turnkey utility services.
It is recognized for its expertise in high-voltage and extra-high-voltage transmission networks, technical consultancy, and operational services, serving major state utilities, private industrial clients, and large-scale infrastructure projects.
The company leverages advanced technologies, such as IoT-based solutions and smart grid management systems, through its investment in HKRP Innovations, continually enhancing service reliability, operational efficiency, and energy sustainability.
As of May 15, 2025, the company has an order book of Rs. 3,628 crore under execution. This includes Rs. 2,599 crore (72%) from the Power Distribution segment, comprising projects from government and private distribution companies, turnkey assignments, and OEM services for DISCOMs. The remaining Rs. 1,029 crore (28%) comes from the Power Transmission segment, covering orders from state utilities, private DISCOMs, and EHV power enhancement projects.
Written by Sridhar J
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