23-04-2025
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.
