Rajesh Power Bags INR 1,629 Crore DGVCL Order, Order Book Reaches INR 5,400 Crore

Rajesh Power Services Ltd. has secured a turnkey order worth INR 1,628.74 crore, including taxes, from Dakshin Gujarat Vij Company Ltd. (DGVCL), taking its aggregate order book to approximately INR 5,400 crore, up around 35 percent from INR 4,000 crore before the latest order.

The order involves converting existing 11/22 kV high-tension (HT) and low-tension (LT) overhead electricity distribution networks into underground cable systems. The project will also include SCADA-compatible equipment across multiple locations under DGVCL's SI Scheme.

The project will be executed on a turnkey basis over 24 months. The latest contract follows the company's earlier order worth INR 471.92 crore from Madhya Gujarat Vij Company Ltd. (MGVCL), reflecting its recent order wins from Gujarat's power distribution utilities.

The company reported 46 percent year-on-year revenue growth in the first half of FY27, along with healthy profitability and improving cash generation. The expanded order book is expected to provide multi-year execution visibility as the company pursues opportunities in power distribution modernisation.