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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Rajesh Power secures ₹212-crore order from Odisha Power T...
BL Ahmedabad Bureau · 2026-06-17 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Ahmedabad-based Rajesh Power Services Ltd (RPSL) has entered Odisha, securing orders worth ₹211.68 crore from Odisha Power Transmission Corporation Ltd (OPTCL), marking one of its largest wins in the transmission EPC segment.

The contract involves the construction of a 220 kV underground transmission cable connecting the Grid Substation (GSS) at Mendhasal with the Gas Insulated Substation (GIS) at Chandaka B in Odisha. It also includes extension works at the AIS bay at Mendhasal and the GIS bay at Chandaka B.

The order marks the company’s entry into eastern India and expands its execution footprint beyond its core markets of Gujarat, Rajasthan, Uttarakhand, Maharashtra and Madhya Pradesh. “The award of these orders from OPTCL marks an important milestone for Rajesh Power as we expand our presence into Odisha. It reflects the confidence that utilities place in our execution capabilities and technical expertise in the transmission and distribution sector,” said Kurang Panchal, Managing Director, Rajesh Power, that is engaged in the execution of power transmission and distribution EPC projects across India, with expertise in extra-high-voltage transmission systems, sub-stations and underground cabling infrastructure.

Published on June 17, 2026