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Business Standard
09-07-2025
- Business
- Business Standard
Bajel Projects hits 5% upper circuit; what is driving investors' interest?
Bajel Projects share price hit 5 per cent upper circuit at ₹252.35 per share on Wednesday. At 9:55 AM, Bajel Projects shares were locked in the 5 per cent upper band at ₹252.35 per share on the BSE. In comparison, the BSE Sensex was down 0.14 per cent at 83,598.29. The company's market capitalisation stood at ₹2,917.23 crore. Its 52-week high was at ₹313.35 per share and the 52-week low was at ₹145.2 per share. Why were Bajel Projects' shares in demand? The northward movement in stock came after the company proposed to increase its galvanization capacity to 1.1 lakh MTPA from the current 40,500 MTPA, with an investment of Rs 170 crore at its Ranjangaon facility. "We would like to inform the exchanges about the proposed capacity addition being undertaken at the Ranjangaon facility of the company," the filing read. The expansion is aimed at meeting captive demand and boosting sales in both domestic and international markets. The capacity will be added in a period from Q4 FY26 to Q4 FY27 in phases. That apart, the company recently secured a 'mega' order from PowerGrid Corp, valued between ₹300-₹400 crore. The order fell under the Transmission Line Package TL04 for the Siwani–Jind (PG) 400kV double circuit (quad) transmission line, part of the REZ Phase IV (6GW) Bikaner Complex. The contract involved the construction of a 99-kilometre transmission line and was awarded through the tariff-based competitive bidding route. The project is expected to be completed within 18 months and is placed by PGCIL on behalf of its special purpose vehicle, Power Grid Siwani Transmission Ltd. Last week, the company said it had secured a 'Large' order for a substation project in India. The project involves the development of a 400kV GIS and a 765kV AIS extension substation. 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.
Mint
19-05-2025
- Business
- Mint
Power Grid Q4 Results: Net profit marginally down ₹4,143 crore, final dividend of ₹1.25 declared. Check details
Power Grid Q4 Results: Power Grid Corporation of India on Monday, 19 May 2025, announced its Janaury to March quarter results for the financial year ended 2024-25. The State-owned giant's net profit for the fourth quarter dropped 0.56 per cent to ₹ 4,143 crore, compared year-on-year (YoY) with ₹ 4,166 crore in the same period a year ago. The company's revenue from core operations rose 2.4 per cent to ₹ 12,275 crore in the 2024-25 fiscal year, compared with ₹ 11,978 crore in the same quarter a year ago, according to the consolidated statements. However, the total expenses for the company also jumped 6.8 per cent to ₹ 7,550 crore, compared with ₹ 7,066 crore in the same quarter the previous financial year. Power Grid Corp's board of directors also announced a final dividend issue of ₹ 1.25 per equity share of the face value of ₹ 10 apiece for the fiscal year 2024-25. This means that every eligible shareholder will receive a final dividend of ₹ 1.25 for every share they own in the PSU giant. 'Recommended final dividend of ₹ 1.25/- per equity share of Rs. 10/- each (@12.5% of the paid-up equity share capital) for the Financial Year 2024-25 subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the company,' said the PSU giant in the BSE filing. The upcoming final dividend issue will be the fourth dividend issue for the financial year 2024-25, according to BSE data. Interim Dividend of ₹ 3.25 on 07 Feb 2025 3.25 on 07 Feb 2025 Interim Dividend of ₹ 4.50 on 14 Nov 2024 4.50 on 14 Nov 2024 Final Dividend of ₹ 2.75 on 16 Aug 2024 2.75 on 16 Aug 2024 Interim Dividend of ₹ 4.50 on 15 Feb 2024 4.50 on 15 Feb 2024 Interim Dividend of ₹ 4 on 16 Nov 2023 Power Grid Corporation shares closed 1.27 per cent higher at ₹ 304.10 after Monday's stock market session, compared to ₹ 300.30 at the previous market close. The PSU giant announced its Q4 results after the market operating hours on 19 May 2025. The State-owned firm's shares have given stock market investors more than 247 per cent returns in the last five years. However, the shares are down 6.57 per cent in the last one-year period. On a year-to-date (YTD) basis, the stock has lost 1.98 per cent in 2025 and was down 4.92 per cent in the last one-month period. According to data collected from the BSE website, Power Grid Corp shares hit their 52-week high at ₹ 366.20 on 25 September 2025, while the 52-week low was at ₹ 247.50 on 28 February 2025. The State-owned firm's market capitalisation (M-Cap) was at ₹ 2,82,831.36 crore as of the stock market close on Monday, 19 May 2025.
