Bajel Projects share hits 5% upper circuit after securing order worth over Rs 400 crore from PowerGrid
Bajel Projects Ltd. shares hit the 5% upper circuit in Monday morning trade after the company announced a significant order win from PowerGrid Corporation of India Limited (PGCIL), through its SPV, MEL Power Transmission Limited.
The order, valued above ₹400 crore, falls under the 'ultra-mega' category, highlighting Bajel Projects' rising prominence in India's power infrastructure space. The project is part of PGCIL's Transmission Line Package TL01, aimed at enhancing the country's power transmission network.
The scope includes construction of a 400kV double circuit transmission line spanning approximately 138 kilometers, connecting Mahan to Rewa Power Station in Madhya Pradesh. The project will use high-capacity Quad ACSR/AAAC/AL59 Moose equivalent conductors. Additionally, Bajel will execute 400kV substation bay extension work at Rewa (PG) to aid power evacuation from the Mahan Energen Limited Generating Station.
This critical infrastructure project is scheduled for completion within 29 months. The development not only reinforces Bajel's capabilities in executing large-scale projects but also strengthens its association with PGCIL, India's leading transmission utility.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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