Latest news with #RPSL
Business Standard
4 days ago
- Business
- Business Standard
Rajesh Power rises on securing MGVCL contracts as L1 bidder
Rajesh Power Services (RPSL) added 1.98% to Rs 1,335.50 after the company has been declared the successful bidder (L1) for multiple projects under the Madhya Gujarat Vij Company (MGVCL). These include a turnkey contract for the supply, installation, testing, and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) at various locations under the Kisan Suryoday Yojna (KSY) Scheme. Additionally, the company has secured two more contracts under the VKY-2 Scheme for the supply and installation of 11KV MVCC in Bodeli & Dabhoi Division and Dahod & Lunawada Division. These projects are expected to enhance the distribution network in the region, further strengthening the companys position in the power and infrastructure sectors. Rajesh Power Services (RPSL) provides consultancy to state transmission and distribution companies, private utilities, and industries. On full-year basis, the companys net profit surged 285.5% to Rs 26.02 crore on 37.5% jump in net sales to Rs 284.97 crore in FY25 over FY24.
Time of India
28-04-2025
- Business
- Time of India
Rajesh Power Services secures major orders worth ₹1,116 crores
Rajesh Power Services Limited (BSE Code: 544291), a prominent EPC contractor in the power transmission & distribution segment, has received fresh orders of ₹ 1,116 crores from a combination of government and institutional clients, underscoring the company's robust capabilities and growing presence. The orders also include contracts for the supply, erection, testing, and commissioning of 132kvV66kV underground cable in Gujarat. Key Highlights: ₹1,116 crore in new orders secured by Rajesh Power Services from government and institutional in Nov 2024 at ₹335; shares now at ₹1,268.60SME company delivering mainboard-level performance. The projects are expected to be completed within 12 to 18 months, providing strong revenue visibility and operational momentum for Rajesh Power Services. Although classified as an SME company, Rajesh Power Services continues to deliver performances on par with companies listed on the mainboard. The receipt of such a significant order reinforces the company's strong operational and financial potential. With this development, there is a high possibility of excellent financial results in the upcoming quarters. Rajesh Power Services came out with its ₹ 160.50 crore IPO in November 2024 by issuing shares at ₹ 335 apiece. The shares have delivered multi-baggers returns since, and the price closed at ₹ 1,268.60 on Wednesday. The company's market cap was ₹ 2,284 crores. About Rajesh Power Services Limited (RPSL) RPSL is one of the leading specialized Engineering, Procurement & Construction (EPC) companies engaged in the Power Transmission & Distribution Sector. RPSL provides its services across various verticals, including Turnkey execution of GIS Substations, AIS Substations, Extra High Voltage Power Cables and Transmission Lines, and the Construction of Distribution Systems. A concentrated, customer-focused approach and the mission to deliver top-class quality have enabled RPSL to maintain its position in its core business area for over five decades. The company caters to government and institutional customers across India.
Business Standard
23-04-2025
- Business
- Business Standard
Rajesh Power Services secures major orders worth Rs. 1,116 crores
PNN Ahmedabad (Gujarat) [India], April 23: Rajesh Power Services Limited (BSE Code: 544291), a prominent EPC contractor in the power transmission & distribution segment, has received fresh orders of Rs. 1,116 crores from a combination of government and institutional clients, underscoring the company's robust capabilities and growing presence. The newly secured contracts include a turnkey-based contract for the supply, installation, testing and commissioning of 11/22kV HT underground (cable) and overhead (MVCC) networks in Gujarat, and design, engineering, manufacturing, supply, erection, testing and commissioning of 220/66kV GIS/AIS substations in the state. The orders also include contracts for the supply, erection, testing and commissioning of 132kvV66kV underground cable in Gujarat. Key Highlights: * Rs1,116 crore in new orders secured by Rajesh Power Services from government and institutional clients. * IPO in Nov 2024 at Rs335; shares now at Rs1,268.60 * SME company delivering mainboard-level performance. The projects are expected to be completed within 12 to 18 months, providing strong revenue visibility and operational momentum for Rajesh Power Services. Although classified as an SME company, Rajesh Power Services continues to deliver performances on par with companies listed on the mainboard. The receipt of such a significant order reinforces the company's strong operational and financial potential. With this development, there is a high possibility of excellent financial results in the upcoming quarters. Rajesh Power Services came out with its Rs. 160.50 crore IPO in November 2024 by issuing shares at Rs. 335 apiece. The shares have delivered Multi-baggers returns since and price closed at Rs. 1,268.60 on Wednesday. The company's market cap was Rs. 2,284 crores. About Rajesh Power Services Limited (RPSL): RPSL is one of the leading specialized Engineering, Procurement & Construction (EPC) companies engaged in the Power Transmission & Distribution Sector. RPSL provides its services across various verticals, including Turnkey execution of GIS Substations, AIS Substations, Extra High Voltage Power Cables and Transmission Lines, and the Construction of Distribution Systems. A concentrated, customer-focused approach and the mission to deliver top-class quality have enabled RPSL to maintain its position in its core business area for over five decades. The company caters to government and institutional customers across India.
Business Upturn
23-04-2025
- Business
- Business Upturn
Rajesh Power (RPSL) share price skyrockets 15% after bagging Rs 1,116 crore worth orders
By Aditya Bhagchandani Published on April 23, 2025, 13:28 IST Shares of Rajesh Power Services Ltd (RPSL) surged over 15% today to hit ₹1,210 on the BSE, marking a sharp rise of ₹152.80 from the previous close. The rally comes on the back of a major announcement made by the company regarding fresh order inflows worth ₹1,116 crore. In an exchange filing dated April 23, 2025, the company revealed that it has secured a series of turnkey contracts from government and institutional clients in Gujarat. These projects include: Supply, installation, testing, and commissioning of 11/22KV high-tension underground and overhead network systems. Design and commissioning of 220/66kV GIS and AIS substations. Supply and laying of 132kV/66kV underground cable infrastructure. The execution timeline for these projects is estimated to be between 12 to 18 months. These fresh orders significantly enhance Rajesh Power's project pipeline, reinforcing its position as a key player in the Indian power transmission and distribution space. Notably, the company recently raised ₹160.5 crore through its IPO and got listed on the BSE SME platform in December 2024. RPSL brings over 50 years of industry expertise and is widely known for delivering high-voltage cable systems, GIS/AIS substations, and transmission line solutions. Its growing clientele in the government and institutional sectors continues to support its aggressive expansion in India's infrastructure ecosystem. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
23-04-2025
- Business
- Business Standard
RPSL spurts after securing Rs 1,116-cr orders
Rajesh Power Services (RPSL) surged 15.92% to Rs 1,225.50 after the company announced that it has secured new orders worth Rs 1,116 crore from a mix of government and institutional customers. The project involves a turnkey contract in Gujarat for the supply, installation, and commissioning of 11/22 kV HT underground and overhead networks, 220/66 kV GIS/AIS substations, and 132 kV/66 kV underground cables, aimed at strengthening the states power infrastructure. The order, valued at Rs 1,116 crore, is expected to be completed within 12 to 18 months. Rajesh Power Services' current market capitalization on the BSE stands at Rs 2,124.87 crore. Rajesh Power Services (RPSL) provides consultancy to state transmission and distribution companies, private utilities, and industries. On full-year basis, the companys net profit surged 285.5% to Rs 26.02 crore on 37.5% jump in net sales to Rs 284.97 crore in FY25 over FY24.
