Upper Circuit Alert: Power Transmission & Distribution EPC Company Secures New Orders Inflow of Value Rs 1,116 Crore

The shares of the company saw a spurt in volume by more than 5.21 times on the BSE.

On Wednesday, one of the Top Gainers on BSE, shares of Rajesh Power Services Limited (RPSL) hit a 20 per cent upper circuit to Rs 1,268.60 per share from its previous closing of Rs 1,057.20 per share. The shares of the company saw a spurt in volume by more than 5.21 times on the BSE. The stock’s 52-week high is Rs 1,270.30 per share and its 52-week low is Rs 636.50 per share.

Rajesh Power Services Limited (RPSL), a prominent EPC contractor in Power Transmission & Distribution, has recently secured substantial new orders totalling Rs 1,116 crore from government and institutional clients, encompassing a turnkey contract for the supply, installation, testing, and commissioning of 11/22KV HT underground (cable) / overhead (MVCC) networks in Gujarat, the design, engineering, manufacturing, supply, erection, testing, and commissioning of 220/66kV GIS/AIS substations also in Gujarat, and the supply, erection, testing, and commissioning of a 132kV/66kV underground cable in the same state, with all these orders anticipated to be completed within a timeframe of 12 to 18 months.

About Rajesh Power Services Limited (RPSL)

RPSL is one of the leading specialised Engineering, Procurement & Construction (EPC) companies engaged in the Power Transmission & Distribution Sector. RPSL is providing its services across various verticals, including turnkey execution of GIS substations, AIS substations, extra high voltage power cables and transmission lines, and the construction of distribution systems. A concentrated, customer—focused approach and the mission to deliver top-class quality have enabled RPSL to maintain its position in its core business area for over five decades.

The company caters to government and institutional customers across India. RPSL raised Rs 160.5 crore by way of IPO and got listed on the BSE SME exchange on December 02, 2024. The company has a market cap of over Rs 2,200 crore. The shares of the company have a PE of 83x, an ROE of 36 per cent and an ROCE of 31 per cent. The stock is up by 99.3 per cent from its 52-week low of Rs 636.50 per share. Investors should keep an eye on this power transmission & distribution stock.

Disclaimer: The article is for informational purposes only and not investment advice.