Wins ₹471.92 Crore Turnkey Orders from MGVCL; Order Book Nearing ₹4,000 Crore

Rajesh Power Services has secured turnkey contracts worth ₹471.92 crore (inclusive of taxes) from MGVCL for strengthening power distribution infrastructure across Gujarat.

Mon 12 Oct 2026

Order Value

₹471.92 crore (inclusive of taxes)

Execution Timeline

18 months

Aggregate Order Book

Nearing Rs. 4000 crore

What the company announced

• Rajesh Power Services Limited has secured turnkey contracts worth ₹471.92 crore, inclusive of taxes, from Madhya Gujarat Vij Company Limited (MGVCL).
• The award is for strengthening electricity distribution infrastructure across Gujarat.
• The contracts involve conversion of existing Hight Tension 11kV Overhead lines into Medium Voltage Covered Conductor (MVCC), as well as an Underground Cable network at various locations across Gujarat under MGVCL's SI Scheme Robust-III.
• Execution timeline is 18 months.
• Awarding authority is Madhya Gujarat Vij Company Limited (MGVCL).

How it changes the order book

• The order adds over 10% to the order book in a single stroke.
• The aggregate order book is nearing Rs. 4000 crore, and the company says the order secures 18 months of execution visibility.

What the management said

Chairman and Managing Director Mr. Kurang Panchal described the order as an important milestone, and said that with the aggregate order book reaching approximately ₹4000 crore, the company continues to strengthen its project pipeline and business visibility, while remaining focused on disciplined execution, operational efficiency, quality and safety.

Points a retail investor may note

• The order strengthens the company's presence in the power transmission and distribution (T&D) segment and expands its base of secured projects.
• The company states that the conversion of the enlarged order book into revenue and profitability will depend on project execution, contractual milestones, costs and working-capital requirements.
• The press release also carries a caution that forward-looking statements are subject to known and unknown risks and uncertainties, and actual results may differ.

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