Rajesh Power Services gains on bagging battery energy storage system project in Gujarat
Rajesh Power Services is currently trading at Rs 1063.50, up by 6.35 points or 0.60% from its previous closing of Rs 1057.15 on the BSE.
The scrip opened at Rs 1057.15 and has touched a high and low of Rs 1066.00 and Rs 1054.00 respectively. So far 4500 shares were traded on the counter.
The BSE group 'M' stock of face value Rs 10 has touched a 52-week high of Rs 1639.00 on 22-Aug-2025 and a 52-week low of Rs 740.00 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs 1078.00 and Rs 1006.00 respectively. The current market cap of the company is Rs 1916.62 crore.
The promoters holding in the company stood at 73.40%, while Institutions and Non-Institutions held 3.84% and 22.76% respectively.
Rajesh Power Services (RPSL) has bagged a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat after receiving a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL), marking the company’s entry into utility-scale battery storage projects.
The project involves setting up a standalone BESS at Virpore in Gujarat and has been awarded under tariff-based competitive bidding with Viability Gap Funding support through the Power System Development Fund (PSDF). The project is expected to be executed within 18 months from the date of signing of the Battery Energy Storage Purchase Agreement (BESPA).
A 65 MW / 130 MWh battery storage system can supply 65 MW of power for up to two hours, helping utilities manage peak demand, improve grid stability and support the integration of renewable energy. The project forms part of Gujarat’s broader plan to develop 2,000 MW / 4,000 MWh of battery energy storage capacity across the state.
Rajesh Power Services (RPSL) is amongst the largest players in the country, firmly established in the underground power transmission and infrastructure EPC space.
