Positive impactOrders & Deals
Rajesh Power Services bags ₹472 crore order to build underground power networks in Gujarat
BusinessLine 1 hr ago·12 Oct 2026, 5:07 am
Rajesh Power Services has secured a significant order worth ₹472 crore from MGVCL to develop underground power networks in Gujarat. The project involves converting existing overhead lines into medium voltage covered conductor lines and laying new underground cables.
This order is a positive development for the company as it expands its order book and diversifies its project portfolio beyond traditional power generation. For investors, this signals growth in the engineering, procurement, and construction (EPC) segment and validates the company's technical capabilities in the power distribution space.
Investors should monitor the execution timeline of this project and the company's ability to secure similar large-scale infrastructure contracts in the coming quarters.
Excerpt from BusinessLine
Ahmedabad-based Rajesh Power Services Ltd has secured turnkey contracts worth ₹471.92 crore from state discom Madhya Gujarat Vij Company Ltd (MGVCL) to build underground electricity distribution networks and upgrade overhead power lines across Gujarat. The orders take the company’s aggregate order book close to ₹4,000…Read the original at BusinessLine
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Rajesh Power Services (RAJESH).
- Category: Orders & Deals.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Rajesh Power Services worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
