&w=3840&q=100)
Here's why Bajel Projects share price hit 5% upper limit today; details
Bajel Projects share price today: Power transmission and infrastructure company Bajel Projects shares were in demand on Wednesday, June 25, 2025, with the stock locking in the 5 per cent upper circuit at ₹231.25 per share.
At 9:45 AM, Bajel Projects shares continued to remain locked in the 5 per cent upper limit at ₹231.25 per share. In comparison, BSE Sensex was trading 0.62 per cent higher at 82,567.50 levels.
Why did Bajel Projects share price hit 5 per cent upper limit today?
Bajel Projects' share price surged after the company announced it had secured a 'Large' order for a substation project in India.
Classified under the 'Large' order category—valued between ₹100 crore and ₹200 crore, according to the company's internal criteria—the project involves the development of a 400kV GIS and a 765kV AIS extension substation.
The scope of work includes the supply of all extra high voltage (EHV) equipment, along with mandatory spares, tools, tackles, and auxiliaries. Additionally, the order covers services for erection, testing and commissioning (ETC), as well as civil works related to all supplied materials and equipment.
"We are extremely pleased to secure this large order from a prominent private player in the energy and power transmission sector. This project underscores our robust capabilities in delivering large‐scale substation infrastructure. It reflects the trust our clients place in our expertise and commitment to quality,' said Rajesh Ganesh, MD & CEO of Bajel Projects.
About Bajel Projects
Bajel Projects (Bajel) is among the prominent players in the power infrastructure space, with a strong foothold in both the Power Transmission and Power Distribution sectors.
Formerly operating as part of Bajaj Electricals Limited under its EPC division, the company is widely recognised for its robust project management capabilities and operational excellence, earning it the trust of numerous state and national utilities, international clients, and private infrastructure developers.
The market capitalisation of Bajel Projects is ₹2,673.31 crore, according to BSE. The company falls under the BSE SmallCap category.
The 52-week high of Bajel Projects is ₹330, while its 52-week low is ₹145.20 per share.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
an hour ago
- Indian Express
Why Karnataka Bank's top brass stepped down amid auditor red flags
The Board of Directors of 100-year old Karnataka Bank on Sunday accepted the resignation of the bank's Managing Director and CEO Srikrishnan Hari Hara Sarma and Executive Director Sekhar Rao amid red flags raised by the auditors about certain spending. Sarma has cited personal reasons, including his decision to relocate back to Mumbai, for his resignation. His resignation will be effective from July 15. Rao submitted his resignation citing inability to relocate to Mangaluru and other personal reasons. His resignation will be effective from July 31. While the Mangaluru-based bank, with 957 branches, has no specific promoter, the entire stake is held by public, NBFCs, FPIs and mutual funds. As of the quarter ended March 31, 2025, Karnataka Bank reported total deposits of Rs 1.04 lakh crore. The bank's shares fell by 5.51 per cent to Rs 196.25 on the BSE on Monday morning session. The resignations of Karnataka Bank's MD and ED came roughly six weeks after the bank's auditors raised concerns over certain expenditures made by the two executives. These expenses, which exceeded their delegated authority and were not approved by the board, included Rs 1.53 crore in spending deemed recoverable from the concerned directors—comprising Rs 1.16 crore on consultants and Rs 37 lakh on revenue and capital items. While the official reason cited for their exit was personal, including relocation-related factors, the timing suggests deeper issues, said an analyst, adding that the auditor's findings pointed to governance lapses and internal friction, prompting uncertainty among investors and triggering a broader leadership shake-up at the bank. On the Notes to Accounts contained in the audited Financial Statements for the FY25 leading to emphasis of matter in the Auditor's Report, the bank stated that 'it has been discussed and amicably resolved'. The bank has formed a search committee to identify suitable candidates for the position of a new Managing Director & CEO as well as a new Executive Director. 'The bank has appointed an experienced senior banker as the Chief Operating Officer (COO) who will assume charge on July 02, 2025. Additionally, substitute arrangements are also being made subject to the regulator's approval,' the bank said in an exchange filing. 'The bank continues to take necessary steps to ensure operational stability and assures various stakeholders that it is well capitalised and continues to be sound as hitherto. The transformational journey embarked upon by the bank will continue unhindered,' the filing said.
The Hindu
an hour ago
- The Hindu
Hyderabad chemical factory blast: Sigachi says core infrastructure damaged, operations at plant paused
Drugmaker Sigachi Industries said Monday's (June 30, 2025) fire incident at its plant in Hyderabad has damaged the core manufacturing infrastructure and operations at the facility are being paused temporarily. The operations are being paused for an estimated 90 days to facilitate replacement and restoration of affected equipment and structures, it said in a filing to the stock exchange without mentioning the number of people who died and injured. In addition to the human impact, the incident also caused damage to certain ancillary equipment and civil structures within the facility located in IDA Pashamylaram, Phase -1 in neighbouring Sanga Reddy district. A thorough on-ground assessment of the situation is in progress and 'we are coordinating with relevant authorities to ensure all safety and support protocols are followed,' the company said Sigachi said it operate three manufacturing facilities for microcrystalline cellulose (MCC). The Hyderabad unit where the incident occurred was one of them and contributed approximately 6,000 MTPA out of our total operating capacity of 21,700 MTPA. The balance production comes from the company's other two facilities in Gujarat, which continue to operate normally. Efforts are being made to optimise production from those units during the interim period, it said. The company's shares took a beating in the wake of the incident, slumping 11.58% compared to the previous close to end the day ₹48.79 apiece on the BSE. The Hyderabad facility is 'fully insured and we are in the process of initiating the necessary claims as per standard procedures. We remain committed to resuming operations at the earliest, with enhanced focus on safety, risk mitigation, and operational excellence,' Sigachi said. 'The incident has unfortunately resulted in loss of human life and there may have been individuals who sustained injuries. While the exact number of injuries is currently being confirmed, the well-being of our personnel remains our foremost priority. Sigachi deeply mourns the loss of life and extends heartfelt condolences to the families of the deceased. We are extending all possible support to those affected,' it said.
Time of India
an hour ago
- Time of India
Sigachi temporarily suspends production at Hyderabad unit for 90 days after fire incident
Sigachi Industries on Monday said production at its Hyderabad plant , which saw a fire incident leading to the death of several workers, would be paused for around 90 days to restore affected equipment and structures. In addition to the human impact, the incident also caused damage to certain ancillary equipment and civil structures within the facility, it said in a regulatory filing. At least 12 people died and 34 persons were injured in an explosion at Sigachi Industries' plant in this district on Monday, Telangana Minister Damodara Raja Narasimha said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Barefoot Shoe Has Seniors Walking Off the Weight Barefoot Vitality Undo The pharmaceutical company in an exchange filing said, "... on June 30, 2025, at approximately 9:20 AM (IST), a fire incident occurred in the vicinity of our Hyderabad Plant located at Pashamylaram, Phase -1, Medak District." "The incident has unfortunately resulted in loss of human life, and there may have been individuals who sustained injuries. While the exact number of injuries is currently being confirmed, the well-being of our personnel remains our foremost priority." Live Events A thorough on-ground assessment of the situation is currently in progress, and the company is coordinating with relevant authorities to ensure all safety and support protocols are followed, it added. "While the core manufacturing infrastructure has suffered damage, the operations at the plant will be temporarily paused for an estimated period of 90 days to facilitate replacement and restoration of affected equipment and structures," the company said. The company operates three manufacturing facilities for Microcrystalline Cellulose (MCC), one of which is the Hyderabad unit where the incident occurred. The unit contributes around 6,000 MTPA out of the total operating capacity of 21,700 MTPA, with the balance production coming from our other two facilities located in Gujarat, it added. The other two plants continue to operate normally, and efforts are being made to optimise production from those units during the interim period, the company said. "The Hyderabad facility is fully insured, and we are in the process of initiating the necessary claims as per standard procedures. We remain committed to resuming operations at the earliest, with enhanced focus on safety, risk mitigation, and operational excellence," it said. Shares of the pharma company, which is one of the major Microcrystalline Cellulose manufacturers globally, ended 11.58 per cent down at Rs 48.79 apiece on BSE.
