RPRajesh Power Services544291Major contract win

Letter of Acceptance worth ₹69.004 crore received from UGVCL for turnkey power distribution work

Letter of Acceptance (LoA) dated October 13, 2026 received from UGVCL for a turnkey contract worth ₹69.004 crore, inclusive of Welfare Cess and GST.

By ScoutQuest · Wed 14 Oct 2026, 1:15 PM IST · 2 min read

Order Value

₹69.004 crore, inclusive of Welfare Cess and GST

Execution Timeline

12 months

Combined Order Value

₹540.924 crore (with ₹471.92 crore MGVCL order)

What was announced

• Rajesh Power Services Limited has received a Letter of Acceptance (LoA), dated October 13, 2026, from Uttar Gujarat Vij Company Limited (UGVCL) for a turnkey contract with a total order value of ₹69.004 crore, inclusive of Welfare Cess and GST.
• UGVCL is a subsidiary of Gujarat Urja Vikas Nigam Limited (GUVNL).
• This is the company's second order in a row within a week, following the ₹471.92 crore of turnkey contracts (inclusive of taxes) from Madhya Gujarat Vij Company Limited (MGVCL) announced on October 12, 2026.
• Together, the two orders have a combined value of ₹540.924 crore, inclusive of taxes.

What the contract covers

• Site survey, designing, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery at site, handling, storage, installation, testing and commissioning, including documentation.
• Shifting of the existing electrical network at Adalaj, Kalol-1, Kalol-2, Kalol-T, Chhatral and Jagudan Subdivisions of Sabarmati and Mehsana Circle under UGVCL.
• GIS Mapping / Geo Urja Mapping (developed by GUVNL) and Asset Tagging under the ND Scheme.
• The order is to be executed within 12 months.

Order momentum

• The company states the latest order strengthens its presence in the power distribution segment and adds to its project execution pipeline, underlining continued engagement with state power distribution utilities in Gujarat.
• The company's Managing Director said the company remains focused on disciplined execution, operational efficiency, quality and safety while pursuing opportunities aligned with India's power infrastructure requirements.

How to read this

• An order win adds to the company's project pipeline and indicates visibility on work to be executed over the stated timeline.
• The company itself notes that conversion of the enlarged order book into revenue and profitability will depend on project execution, contractual milestones, costs and working-capital requirements.
• The order value is stated as inclusive of Welfare Cess and GST, so it is the gross contract value as printed.

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