Company said in official statement that we are pleased to inform you that the Company has received Letter of Intent from Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of 65 MW / 130 MWh Standalone Battery Energy Storage System (BESS) at Virpore in Gujarat under Tariff-Based Competitive Bidding (Phase -VII) with Viability Gap Funding supported through Power System Development Fund (PSDF).
The aforesaid Letter of Intent has been received in the normal course of business. This order to be executed in next 18 months from the date of signing of BESPA
With market cap of ₹1929 cr Rajesh Power Services Limited (RPSL) is an Indian EPC (Engineering, Procurement, and Construction) contractor in the power sector, specializing in extra-high voltage (EHV) transmission, distribution networks (especially underground cables), and substations (including Gas Insulated Substations – GIS) for government and private clients, also involved in setting up and maintaining solar power plants. They offer turnkey solutions from design to operation, including fault detection and restoration, focusing heavily on complex underground cabling projects, particularly in western India.
Core Business Areas :
Transmission & Distribution (T&D)
Underground Cabling
Substation Construction
Renewable Energy
Operations & Maintenance (O&M)
Consultancy
Rajesh Power Services (RPSL) has a robust order book, significantly growing from ₹2,358 crore in March 2024 to over ₹3,500 crore as of late 2025, fueled by new government and private sector contracts, including major transmission line and substation projects, with strong recent orders from entities like GETCO and ECR.
