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Rajesh Power Projects, a wholly-owned subsidiary of Rajesh Power Services (RPSL), has signed a Battery Energy Storage Purchase Agreement (BESPA) with state-run Gujarat Urja Vikas Nigam (GUVNL) for the development of a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project at Virpore in Gujarat. The agreement establishes the long-term framework for the development and operation of the battery storage facility and marks Rajesh Power`s formal entry into the utility-scale battery energy storage segment. Under the BESPA, the project will operate under a 12-year agreement from the date of commissioning at a contracted tariff of Rs 1.89 lakh per MW per month. The project involves a 65 MW battery system with a storage capacity of 130 MWh, capable of supplying power for up to two hours. It is expected to be commissioned within 18 months from the date of signing of the agreement.The project was awarded to the company earlier this year under tariff-based competitive bidding as part of GUVNL`s `Request for Selection for setting up of Standalone BESS - Phase VII`, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF). Standalone battery storage systems are increasingly being adopted by utilities to support renewable energy integration and enhance grid flexibility. By storing electricity during periods of surplus generation and supplying it during peak demand, such systems help manage intermittency, strengthen grid stability and optimize power procurement. Gujarat has emerged as one of the leading states in deploying grid-scale battery storage, with GUVNL initiating multiple phases of BESS procurement to complement the state`s expanding renewable energy capacity. Powered by Capital Market - Live News

Rajesh Power Services has received a lowest bid confirmation at the L1 Stage, for the works of construction of 132/33 KV, 2x50 MVA GIS Substation at Hathi Bhata (Ajmer) along with Associated Transmission Lines Including Survey, Supply of All Equipment/Materials, Erection (Including Civil Works), Testing and Commissioning from Rajasthan Rajya Vidyut Prasaran Nigam (RRVPN), Jaipur. Declaration as a Successful Bidder is subject to getting final confirmation of Bid from RRVPN. The project is to be executed within a period of 18 months from the date of commencement. Powered by Capital Market - Live News

Rajesh Power Services has received Letter of Intent from Gujarat Urja Vikas Nigam (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). Powered by Capital Market - Live News

Rajesh Power Services has received the following orders: - 1. Supply, Installation, Testing & Commissioning of 220kV Underground Cable at proposed 220kV Dholera Substation from Gujarat Energy Transmission Corporation (GETCO) aggregating to Rs 40.08 crore and 2. Design, Supply, Erection, Testing & Commissioning of 132kV Transmission Line and associated Line Bays at GSS Nabinagar (in Joint Venture with a Private Company) from East Central Railway aggregating to Rs 45.16 crore. Powered by Capital Market - Live News

Rajesh Power Services will hold a meeting of the Board of Directors of the Company on 13 November 2025.Powered by Capital Market - Live News