Rajesh Power Services Limited has announced that it has received a significant turnkey contract from Madhya Gujarat Vij Company Limited (MGVCL) for the conversion of the existing 11kV HT network to underground cable/MVCC. The project will cover the jurisdictions of Mehmedabad, Anand, Petlad, and Nadiad under MGVCL.
The contract, awarded in the normal course of business, is valued at ₹182.62 crore, inclusive of taxes. It is scheduled for execution over a 12-month period. Notably, the order has been awarded by a domestic entity, and there is no involvement of promoters, promoter groups, or related parties, ensuring the transaction is independent and transparent.
Recently, the company also bagged orders worth ₹95 crore for the supply, installation, testing, and commissioning of GIS substations in Gujarat. This project involves work on 400kV/33kV and 66kV/33kV gas-insulated substations and was awarded by a domestic private entity in a similar line of business. The order is also scheduled to be executed within 12 months and does not fall under related party transactions.
These projects strengthen Rajesh Power Services’ portfolio in the power infrastructure sector, highlighting its expertise in high-voltage network conversion, GIS substations, and turnkey solutions.
