**Company Summary: Rajesh Power Services Limited**
Rajesh Power Services Limited, originally established as 'Rajesh Traders' in 1971, transitioned from a partnership firm to a private entity in 2010 and finally became a public limited company in 2024. The company, headquartered in Ahmedabad, Gujarat, operates in the renewable and non-renewable power sectors, offering a diverse range of services including turnkey project execution, operations and maintenance, and consultancy within the power transmission and distribution industry.
The company made its foray into solar power generation in 2012 by setting up a 1MW solar power plant in Gujarat, which continues to generate and supply power to PGVCL DISCOM. Its clientele includes key public and private sector players such as Adani Electricity, Torrent Power, and Gujarat-based power utilities (GETCO, GUVNL, and subsidiaries). Noteworthy projects include its contribution to Adani’s 300MW Solar Plant in Rajasthan.
Rajesh Power Services provides Engineering, Procurement, and Construction (EPC) services, specializing in the execution of Extra High Voltage (EHV) substations, underground power distribution systems, and high voltage cable and transmission line projects. It is also involved in operations and maintenance activities for solar plants and EHV substations, along with providing utility services like cable fault rectification, transformer replacement, and switchgear retrofitting. Additionally, the company offers consultancy for designing substations and cable systems.
To fuel its growth, the company plans to raise capital through a public issue of 47,90,000 equity shares, including a fresh issue of 27,90,000 shares and an offer for sale of 20,00,000 shares. This move aims to strengthen its financial position and support expansions across its project and service domains.
