Rajesh Services ₹653 Cr Orders, JSW Steel Output Up 3%
By ThePip Desk
Rajesh Power Services lands ₹653.12 Cr Gujarat power infra orders. JSW Steel’s Q1 crude steel production climbs 3% to 6.59 MT. Key business and market updates.
🔥 Main Takeaway
Rajesh Power Services just landed a massive ₹653.12 crore deal to upgrade Gujarat’s power grid, signaling strong infrastructure spending, even as JSW Steel boosts its Q1 output by 3% following a key furnace restart.
📌 What Happened?
Rajesh Power Services secured new orders valued at ₹653.12 crore, inclusive of taxes, from Paschim Gujarat Vij Company (PGVCL).
These projects involve converting existing 11kV High Tension (HT) and Low Tension (LT) line networks into underground cable systems across Bhavnagar, Anjar, Junagadh, and Porbandar Circles in Gujarat.
The company, a significant player in underground power transmission EPC, expects to complete these projects within 18 months.
Separately, JSW Steel reported a 3% year-on-year increase in its consolidated crude steel production, hitting 6.59 million tonnes in Q1FY27.
Its Indian operations also saw a 3% rise, reaching 6.35 million tonnes for the same quarter, driven partly by the restart of Vijayanagar’s Blast Furnace 3 on June 23, 2026, after a capacity upgrade shutdown.
💰 Why It Matters
The ₹653.12 crore order for Rajesh Power Services highlights significant government investment in modernizing power infrastructure, shifting towards more resilient underground networks.
This deal positions Rajesh Power Services for revenue growth and reinforces its market leadership in the specialized underground EPC sector, a positive signal for investors in infrastructure-focused companies.
JSW Steel’s production increase reflects robust demand in key sectors like construction and manufacturing, indicating underlying economic strength as the new fiscal year begins.
The restart of Blast Furnace 3 at Vijayanagar suggests JSW Steel is ramping up capacity, which could lead to increased market share and efficiency gains in future quarters.
👀 What to Watch Next
Keep an eye on Rajesh Power Services’ execution pace and future order book, as more states might follow Gujarat’s lead in upgrading power distribution to underground systems.
Monitor JSW Steel’s next quarterly results for the full impact of the BF3 restart on production volumes and profitability, especially with potential shifts in raw material costs.
Investors should watch for broader trends in infrastructure spending and industrial production, as these are key indicators for both the power EPC and steel sectors.