Upper circuit alert & Rs 2,984 crore order book: Transmission company bags order valued between Rs 100 crore to Rs 200 crore from a Private Client
The stock is up 59.30 per cent from its 52-week low of Rs 145.20 per share.
Bajel Projects Limited has secured a large order, valued between Rs 100 crore and Rs 200 crore, from a prominent private player in the energy and power transmission sector. This order, announced on June 24, 2025, is for the establishment of a 400kV GIS and 765kV AIS extension substation. The scope of work includes both the supply of all Extra High Voltage (EHV) equipment, along with necessary spares and auxiliaries, and the Erection, Testing, Commissioning (ETC), and Civil works for all materials and equipment.
Earlier, the company secured a significant "ultra-mega" EPC order, valued at over Rs 400 crore, from PowerGrid Corporation of India Limited (PGCIL). This domestic contract involved the comprehensive Transmission Line Package TL01, including the construction of a new 138-kilometre 400kV D/c Transmission Line connecting Mahan (Existing Bus) – Rewa PS (PG) and the extension of 400kV Substation Bay works at Rewa (PG). The project, crucial for evacuating power from Mahan Energen Limited's Generating Station in Madhya Pradesh, was slated for completion within 29 months from the Notification of Award.
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About Bajel Projects Limited
Bajel Projects Limited (Bajel) is a leading company in the business of power infrastructure, with a strong presence in the Power Transmission and Power Distribution sectors. Bajel was formerly part of Bajaj Electricals Limited under the EPC segment and is powered by the same beliefs and values that have guided its growth for the last 2 decades at Bajaj Electricals Ltd. Being part of Bajaj group, Bajel is known for its project management skills and driving operations excellence, making it a preferred partner for several states, national and international utilities and private infrastructure players.
On Wednesday, shares of Bajel Projects Ltd hit a 5 per cent upper circuit to Rs 231.25 per share from its previous closing of Rs 220.25 per share. The company has a market cap of over Rs 2,600 crore and its order book stands at Rs 2,984 crore. The stock is up 59.30 per cent from its 52-week low of Rs 145.20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.