Rajesh Power Services Share Price Watched After Rs 40.58 Crore PGVCL Order Win
- July 22, 2026
- Posted by: Kashish Aggarwal
- Category: News
Rajesh Power Services share price Rs 844.50, down 1.76 percent. New Rs 40.58 crore turnkey order from PGVCL for 11kV feeder work in Jamnagar Circle.
The Rajesh Power Services share price was in focus on Wednesday after the company disclosed a fresh order win from a state power utility. Rajesh Power Services has received an order worth Rs 40.58 crore from Paschim Gujarat Vij Company, or PGVCL, for a turnkey based contract.
Click Here – Get Free Investment Predictions
What the New PGVCL Order Covers
The order covers supply, installation, testing and commissioning of 11 kV Medium Voltage Covered Conductor, along with its accessories and allied items, in the 11kV feeder network under the Jamnagar Circle of PGVCL. This work falls under PGVCL’s System Improvement Scheme, a program aimed at strengthening distribution infrastructure reliability and reducing technical losses across the utility’s service area in Gujarat.
Rajesh Power Services share price: Today’s Trading Levels
| Metric | Value |
|---|---|
| Rajesh Power Services CMP | Rs 844.50 |
| Day Change | Down Rs 15.15 or 1.76 percent |
| Intraday Range | Rs 830.20 to Rs 851.00 |
| New Order Value | Rs 40.58 crore |
Learn More About Univest, a SEBI Registered Investment Advisor
The Rajesh Power Services share price traded lower today even as the order win was announced, a divergence that can reflect the relatively modest size of this specific contract relative to the company’s overall order book, or broader profit booking in the stock unrelated to today’s specific news.
What This Order Win Means for Rajesh Power Services Investors
Covered conductor upgrade work of this kind is a recurring category of business for power transmission and distribution equipment companies, since state discoms across India continue to invest in reducing technical and commercial losses through infrastructure modernisation programs such as PGVCL’s System Improvement Scheme. Repeat order flow from state utilities under such programs can provide reasonably predictable, if incremental, revenue visibility for companies like Rajesh Power Services.
Investors tracking the Rajesh Power Services share price should monitor the company’s broader order book trends and execution timelines for this and similar contracts, since a single Rs 40.58 crore order, while a positive data point, represents only one piece of the company’s overall revenue base and should be assessed within that broader context.
Download the Univest iOS App or Univest Android App to track Rajesh Power Services share price and order win updates.
Power Distribution Infrastructure: Sector Context
State electricity distribution companies across India have been steadily investing in network modernisation programs aimed at reducing aggregate technical and commercial losses, which remain elevated relative to global benchmarks in several states. Covered conductor technology, which reduces the risk of short circuits and outages from tree contact and other external factors, has become an increasingly standard specification in these upgrade programs, providing a steady stream of order opportunities for specialised power equipment and turnkey contractors.
Companies with an established track record executing this type of work for state utilities are typically well placed to win repeat business as these modernisation programs continue over multi year cycles, since utilities generally prefer working with contractors who have demonstrated reliable execution on prior projects.
Order sizes for individual System Improvement Scheme contracts of this kind tend to be modest relative to large transmission projects, meaning sustained order flow across multiple circles and states over time matters more to overall revenue growth than any single contract win.
Investors should also track the company’s execution timeline for this specific contract and any subsequent order announcements from other state discoms, since a consistent cadence of order wins is typically a stronger signal of business momentum than any individual contract taken in isolation.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why is Rajesh Power Services share price in the news today?
Ans. Rajesh Power Services share price is in the news after the company won an order worth Rs 40.58 crore from PGVCL for a turnkey medium voltage conductor supply and installation contract.
What is the current Rajesh Power Services share price?
Ans. Rajesh Power Services share price was quoting at Rs 844.50, down Rs 15.15 or 1.76 percent, with an intraday high of Rs 851.00 and a low of Rs 830.20.
What does the new PGVCL order involve?
Ans. The order covers supply, installation, testing and commissioning of 11kV Medium Voltage Covered Conductor and accessories in the Jamnagar Circle of PGVCL, under its System Improvement Scheme.
Why did Rajesh Power Services share price fall despite the order win?
Ans. Rajesh Power Services share price fell today even after the order announcement, which can reflect the contract’s modest size relative to the company’s overall order book or unrelated profit booking.
What is PGVCL?
Ans. PGVCL, or Paschim Gujarat Vij Company, is one of Gujarat’s state owned power distribution utilities that awarded this order to Rajesh Power Services.
Is Rajesh Power Services share price a buy after this order win?
Ans. This article does not constitute investment advice. Investors should assess the company’s overall order book and execution track record and consult a SEBI registered investment advisor before investing.
Where can I track Rajesh Power Services share price and order updates live?
Ans. You can track live Rajesh Power Services share price movements and order win updates on the Univest app and website.
