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Stock Report
Rajesh Power Services Limited Bags ₹211.68 Crore OPTCL Orders
Posted On : 2026-06-17 14:12:31( TIMEZONE : IST )
Rajesh Power Services Limited (RAJESH) (BSE: 544291 | ISIN: INE0VN801010), one of the leading EPC contractors in the power transmission and distribution sector, on Wednesday announced that it has secured new orders worth ₹211.68 crore (including taxes) from Odisha Power Transmission Corporation Limited (OPTCL), a Government of Odisha undertaking.
The order marks Rajesh Power's entry into Odisha and expands the company's execution footprint across India. The company is currently executing projects in Gujarat, Rajasthan, Uttarakhand, Maharashtra and Madhya Pradesh. The project is also among the largest orders secured by the company in the transmission segment.
The orders involve the construction of a 220 kV underground transmission cable connecting the Grid Substation (GSS) at Mendhasal with the Gas Insulated Substation (GIS) at Chandaka B in Odisha. The scope also includes extension of the Air Insulated Substation (AIS) bay at Mendhasal and the Gas Insulated Substation (GIS) bay at Chandaka B.
Commenting on the development, Mr Kurang Panchal, Managing Director, Rajesh Power Services Limited, said, "The award of these orders from OPTCL marks an important milestone for Rajesh Power as we expand our presence into Odisha. It reflects the confidence that utilities place in our execution capabilities and technical expertise in the transmission and distribution sector. We look forward to partnering with OPTCL in strengthening the state's power transmission infrastructure and delivering the project to the highest standards of quality and reliability."
Rajesh Power Services Limited is engaged in the execution of power transmission and distribution projects across India, with expertise spanning extra-high-voltage transmission systems, substations and underground cabling infrastructure.
Shares of Rajesh Power Services Limited was last trading in BSE at Rs. 848.95 as compared to the previous close of Rs. 862.25. The total number of shares traded during the day was 18800 in over 143 trades.
The stock hit an intraday high of Rs. 872.00 and intraday low of 842.05. The net turnover during the day was Rs. 16154925.00.
