Rajesh Power Services Ltd Company Summary

Rajesh Power Services Limited was originally formed as a partnership firm in the name and style of Rajesh Traders pursuant to a Deed of Partnership dated May 5, 1971 Registration Certificate issued by Registrar of Firms, Ahmedabad. Subsequently, the Firm converted to Private Entity as Rajesh Power Services Private Limited on 10 February, 2010 and then the Company was converted to Rajesh Power Services Limited and fresh Certificate of Incorporation was issued on June 26, 2024 by the Registrar of Companies, Ahmedabad. The Company, under the leadership of Mr.

Kurang Panchal and Mr. Rajendra entered into solar power generation by setting up 1MW Solar Power Plant in Surendra Nagar district of Gujarat, in year 2012. This plant was setup in 2012 by the Gujarat Government.

The Solar plant is currently operational and generating solar power and supplying power to PGVCL DISCOM. It commissioned projects for Power Supply Arrangement for clients like Adanis 300MW Solar Plant in Jaisalmer, Rajasthan. The main clients of the Company are major public and private utilities like GETCO & GUVNL, and its subsidiaries (including UGVCL, PGVCL, MGVCL and DGVCL) companies, Torrent Power Ltd, Adani Electricity Mumbai Ltd.

RPSL holds 25.48% equity in HKRP Innovations Ltd, a smart energy management solutions company. The Company offers services to Renewable Power sector (solar power) and Non-Renewable Power sector. It works as an Engineering, Procurement and Construction (EPC) contractor and providing services to power transmission and distribution utilities companies.

The Company offers services of implementation of Turnkey projects for laying Extra High Voltage cables & transmission lines, setting up Extra High Voltage (EHV) substation, Design and implication of underground power distribution system. The Company launched the Initial Public Offering raising the aggregate Rs 160.47 Crore and by issuing 47,90,000 equity shares of face value Rs 10 each, comprising a fresh issue of 27,90,000 equity shares aggregating to Rs 93.47 Crore and offer for sale of 20,00,000 equity shares aggregating to Rs 67 Crore in November, 2024. The Company commissioned the 400kV GIS sub-stations in FY 2025.

Entering the Battery Energy Storage System (BESS) segment, the Company secured its first contract of 65 MW /130 MWh project in Gujarat with GUVNL in FY 2026. The Company signed a joint venture with VITS Total Power Solutions for the formation of RPSL -VITS JV for design, supply,erection, testing & commissioning of 132kV Transmission Line from GSS Nabinagar to Railway TSS Nabinagar and associated 02 Nos. 132kV Line Bays at GSS Nabinagar under Railway Project Danapur of East Central Railway in 2026.