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Rajesh Power Services Secures Rs 541 Crore Orders from Gujarat Discoms
- •Rajesh Power Services has bagged two new orders worth approximately Rs 541 crore from government-owned power distribution companies in Gujarat.
- •A major order worth Rs 471.92 crore was awarded by Madhya Gujarat Vij Company Ltd (MGVCL) for strengthening electricity distribution infrastructure.
- •Uttar Gujarat Vij Company Ltd (UGVCL) awarded a Rs 69 crore turnkey contract covering site survey, engineering, and shifting of the electrical network.
- •The MGVCL project is scheduled for execution within 18 months, while the UGVCL project has a completion timeline of 12 months.
- •With these latest wins, the company's total order book has successfully crossed the Rs 4,000 crore mark.
Key Questions Answered
Rajesh Power Services secured two new orders worth around Rs 541 crore from government-owned power distribution companies in Gujarat. The larger order worth Rs 471.92 crore came from Madhya Gujarat Vij Company Ltd (MGVCL), while the second order worth Rs 69 crore was awarded by Uttar Gujarat Vij Company Ltd (UGVCL).
The contract from MGVCL involves strengthening electricity distribution infrastructure across various locations in Gujarat with an execution period of 18 months. Meanwhile, the turnkey order from UGVCL covers site survey, design, engineering, procurement, supply, testing, and commissioning to shift the existing electrical network within 12 months.
Following the acquisition of these latest orders aggregating Rs 540.92 crore, Rajesh Power Services' total order book has successfully crossed the Rs 4,000 crore mark. Company Chairman and Managing Director Kurang Panchal noted that securing these contracts within a week highlights the strong confidence utilities place in their execution capabilities.
