Rajesh Power Services Ltd Share Price

History of Rajesh Power Services Ltd

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 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 by the Company in 2012 by the Gujarat Government. The Sola ...r plant is currently operational and generating solar power and supplying power to PGVCL DISCOM. It commissioned projects for Power Supply Arrangement for clients like Adani's 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. India ranks as the third-largest producer and consumer of electricity globally, with an installed power capacity of 476 GW as of June 2025. 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 is also in providing service of Operations and Maintenance which includes operating and maintaining solar plants and EHV substations. Further, it also engaged into providing Utility Services to power plants and power transmission companies, services include cable fault location and rectification, replacement and retrofitting of transformers and switch gears. It provides Consultancy Services in designing of power substations and cable 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's associate, HKRP Innovations Ltd implemented a major project to centralise over 1,500 Distribution Substations onto a single SCADA platform, marking one of the largest SCADA initiatives in India under GETCO (Gujarat) in FY25.