Latest news with #Bajel
Mint
09-07-2025
- Business
- Mint
Small-cap stock Bajel Projects hits 5% upper circuit on THIS business update
Stock Market Today: Small-Cap stock Bajel Projects share hits 5% upper circuit on Wednesday in the morning trades as it announced a business update pertaining to capacity expansions Bajel Projects on Tuesday post-market hours announced a business update pertaining to capacity expansions. Details of the proposed capacity addition as per Bajel Projects announcement on the National Stock Exchange and BSE Ltd., or Bombay Stock Exchange, pertain to manufacturing facilities at the Ranjangaon facility. The proposed capacity addition being undertaken at the Ranjangaon facility of the company will lead to total galvanization capacity reaching 110,000 MT after completion of the proposed addition. Existing galvanization capacity of Bajel Projects stands at 40,500 MT, as per the release. The current existing galvanization capacity. The period within which the proposed capacity is to be added by Bajel Projects is from Q4 FY26 to Q4 FY27 and will be in phases. The proposed investment for the capacity expansions by Bajel projects stands at ₹ 170 crore. The capacity expansions will be financed through internal accruals as well as through debt, as per Bajel Projects. The Rationale for the proposed capacity expansion as per Bajel Projects is is to meet captive demand and sales in domestic and international markets. Bajel Projects share price opened at R 247.90 on the BSE on Wednesday. The Bajel projects share price at the time of opening was up more than 3% compared to the previous day's closing price of ₹ 240.35. The Bajel projects share price thereafter gained further intraday highs of ₹ 252.35, translating into gains of almost 5% during the intraday trades. The intraday high for the Bajel Projects share price was also its upper price band, and hence the Bajel Projects share price was locked in the upper circuit on Wednesday. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
09-07-2025
- Business
- Business Upturn
Bajel Projects shares jump 3% on major capacity expansion plan
By Aman Shukla Published on July 9, 2025, 09:15 IST Shares of Bajel Projects Ltd surged 3% in morning trade after the company announced a significant expansion at its Ranjangaon facility aimed at meeting rising domestic and global demand. As of 9:15 AM, the shares were trading 3.20% higher at Rs 246.90. In a regulatory filing dated July 8, Bajel revealed plans to nearly triple its galvanisation capacity from 40,500 MT per annum to 110,000 MT per annum. The ₹170 crore investment will be executed in phases, with the project expected to be completed between Q4 FY26 and Q4 FY27. The company will fund the expansion through a mix of internal accruals and debt. Currently, Bajel is utilizing about 98% of its existing capacity. This expansion is driven by strong captive demand and growing opportunities in both Indian and export markets. The move highlights Bajel's long-term growth strategy and its intent to strengthen its competitive position globally. The development was confirmed by Ajay Nagle, Executive Director, Company Secretary, and Chief Compliance Officer of Bajel Projects Limited. 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
Business Upturn
23-06-2025
- Business
- Business Upturn
Bajel Projects share hits 5% upper circuit after securing order worth over Rs 400 crore from PowerGrid
By Aman Shukla Published on June 23, 2025, 09:15 IST 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
