Rajesh Power enters battery storage segment with 65 MW BESS project in GujaratRajesh Power enters battery storage segment with 65 MW BESS project in Gujarat

Introduction

Leading Indian energy company received a Letter of Intent from GUVNL to develop a 65 MW / 130 MWh Battery Energy Storage System in Gujarat under competitive bidding.

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Share price movement of Rajesh Power

On January 6, 2026, Rajesh Power Services Ltd opened at ₹1,057.15, down 0.81% from its previous close of ₹1,057.15. The stock reached a high of ₹1,066.00 (0.82%) and a low of ₹1,048.60 (-0.81%). By 11:45 AM, it traded at ₹1,048.60, a 0.81% decrease, with a market cap of ₹1,888.26 crore.

Rajesh Power Secures 65 MW BESS Project

Rajesh Power Services Limited received a Letter of Intent from Gujarat Urja Vikas Nigam Limited for a 65 MW / 130 MWh standalone Battery Energy Storage System in Gujarat.

The BESS project will be set up at Virpore, Gujarat, under tariff-based competitive bidding with Viability Gap Funding support through the Power System Development Fund. Execution is expected within 18 months.

The 65 MW / 130 MWh system can supply 65 MW for two hours. It will support grid stability, peak demand management, and renewable energy integration in Gujarat.

Stock performance of Rajesh Power for Period of 1 week, 6 months, and 1 year

Rajesh Power Services Ltd delivered a 1.20% return over the past week, it declined by 22.4% in the past six months. The stock fell 5.51% over the past year.

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Shareholding pattern of Rajesh Power

Particulars	Sep 2025	Mar 2025	Nov 2024
Promoter	73.40%	73.40%	73.40%
FII	1%	1%	2%
DII	3.40%	4.90%	7.40%
Public	22.80%	20.90%	16.90%

About Rajesh Power

Rajesh Power Services Ltd (BSE-SME: 544291), established in 1971, provides consultancy services to state transmission and distribution companies, private utilities, and industries, offering expertise in power systems, project management, and operational solutions.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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