Rajesh Power Services Ltd
Rajesh Power Services wins ₹471.92 Cr MGVCL order for infrastructure
ORDERS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 12 Oct 2026, 09:56 AM IST · BSE ID: 0e498d11-7594-4397-aa16-54301f14873c
View Original BSE Filing (PDF)
💡
In Simple Terms
The company won a large contract worth over ₹471 crore to upgrade power lines and install underground cables in Gujarat.
🤖 AI Summary
- Rajesh Power Services secured ₹471.92 crore in turnkey contracts from MGVCL.
- Projects include converting overhead lines to covered conductors and underground cabling.
- The orders are for strengthening electricity distribution infrastructure across Gujarat.
- Execution timeline for these contracts is 18 months.
- Company's total order book is now nearing ₹4,000 crore.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Order Value
₹471.92 Crore
Aggregate Order Book
Nearing ₹4000 Crore
Execution Timeline
18 months
🏢 How This Affects the Company
This order adds over 10% to the company's existing order book, significantly boosting its project pipeline and providing 18 months of execution visibility. It reinforces Rajesh Power Services' presence in the power transmission and distribution segment.
The aggregate order book nearing ₹4,000 crore provides substantial revenue visibility. The conversion of this order book into revenue and profitability depends on project execution, milestones, costs, and working-capital requirements.
The company will leverage its technical expertise, project management capabilities, and operational resources to execute the new contracts, aligning with the modernization of electricity distribution networks.
The success and profitability of these projects are contingent on efficient project execution, managing costs, and working capital, which are standard operational risks for EPC contractors.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the increase in the company's order book and future revenue potential.
🔍
Management Signal
Management signals a focus on disciplined execution, operational efficiency, and pursuing opportunities aligned with India's power infrastructure needs.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Upcoming quarterly results for revenue recognition from new orders.
Updates on project execution milestones and payment schedules.
Further order wins to assess continued business development.
MEDIUM RISK
Order win is substantial, but execution and working capital management are critical.
💡 Investor Takeaway
Rajesh Power Services secured ₹471.92 crore from MGVCL for power distribution upgrades. The company's order book now nears ₹4,000 crore, ensuring 18 months of execution visibility.
⚖️ Strengths & Concerns
✅ Positives
- Secured a significant order valued at ₹471.92 crore, enhancing revenue visibility.
- Order book nearing ₹4,000 crore provides strong pipeline and 18-month execution visibility.
📅 Company Track Record
Rajesh Power Services has recently secured significant orders, including ₹362.83 Cr from PGVCL in August 2026 and ₹75.05 Cr from RVPNL in July 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the value of the order Rajesh Power Services received from MGVCL?
Rajesh Power Services received turnkey contracts worth ₹471.92 crore from Madhya Gujarat Vij Company Limited (MGVCL).
What is the scope of work for the MGVCL order?
The order involves converting existing 11kV overhead lines to Medium Voltage Covered Conductor (MVCC) and establishing underground cable networks across Gujarat.
What is the execution timeline for the MGVCL order?
The execution timeline for these contracts is 18 months.
What is Rajesh Power Services' total order book after securing the MGVCL order?
After securing the MGVCL order, the company's aggregate order book is nearing ₹4000 Crore.
Questions based on this BSE filing only. For information purposes.