Rajesh Power Services Ltd — Important, 05-01-2026: Company Update

Rajesh Power Services received a Letter of Intent from Gujarat Urja Vikas Nigam Limited (GUVNL) for developing a 65 MW / 130 MWh Standalone Battery Energy Storage System (BESS) at Virpore, Gujarat. This project falls under a tariff-based competitive bidding scheme with viability gap funding. It is part of a larger 2000 MW / 4000 MWh BESS initiative in the state. The company aims to execute this project within 18 months of signing the Battery Energy Storage Purchase Agreement. This development significantly boosts the company's position in the expanding energy storage sector and signals future growth opportunities.