Rs 2,984 Crore Order Book: Transmission Company Bags Order of Over Rs 400 Crore from PowerGrid Corporation of India
The stock is up over 40 per cent from its 52-week low of Rs 145.20 per share.
Bajel Projects Limited has secured a significant "ultra-mega" EPC order from PowerGrid Corporation of India Limited (PGCIL), acting on behalf of its Special Purpose Vehicle (SPV), MEL POWER TRANSMISSION LIMITED. This substantial domestic contract, valued at over Rs 400 crore, encompasses the comprehensive Transmission Line Package TL01. The scope of work involves the construction of a new 400kV D/c Transmission Line, stretching approximately 138 kilometres, to connect Mahan (Existing Bus) – Rewa PS (PG), utilising Quad ACSR/AAAC/AL59 moose Equivalent conductors. Furthermore, the order includes the extension of 400kV Substation Bay works at Rewa (PG), which is integral to the transmission system designed for evacuating power from the Mahan Energen Limited Generating Station in Madhya Pradesh.
This crucial infrastructure project is slated for completion within 29 months from the date of the Notification of Award. The awarding of this "ultra-mega" order reinforces Bajel Projects' prominent position and proven expertise in executing large-scale power transmission and infrastructure developments across India. By undertaking this vital project, Bajel Projects is set to contribute significantly to strengthening India's national power grid, ensuring efficient power evacuation, and supporting the country's growing energy demands, particularly from crucial power generation hubs like Mahan Energen Limited's facility.
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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.
The company has a market cap of over Rs 2,300 crore and its order book stands at Rs 2,984 crore. The stock is up over 40 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.