Rajesh Power Services surges as its arm signs agreement with GUVNL
Rajesh Power Services is currently trading at Rs. 909.90, up by 19.90 points or 2.24% from its previous closing of Rs. 890.00 on the BSE.
The scrip opened at Rs. 880.00 and has touched a high and low of Rs. 916.00 and Rs. 879.90 respectively. So far 13400 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. 761.05 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 916.00 and Rs. 820.00 respectively. The current market cap of the company is Rs. 1636.87 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’ wholly-owned subsidiary -- Rajesh Power Projects 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
