Latest news with #REZPh-IV
Business Standard
03-07-2025
- Business
- Business Standard
Bajel Projects wins new order from Power Grid
Bajel Projects has secured a new order from PowerGrid Corporation of India (PGCIL). The new order falls within the Mega band*(Rs. 300 crore and above.) This "Mega order" highlights Bajel Projects' robust capabilities and continued contribution to strengthening India's national power grid. The order pertains to the Transmission Line Package TL04 for the Siwani-Jind (PG) 400kV D/C (Quad) Transmission Line, which is associated with the Transmission System of REZ Ph -IV (Part 3: 6GW) (Bikaner Complex): Part B. The project was awarded to POWERGRID under the Tariff Based Competitive Bidding (TBCB) route. The scope of work for Bajel Projects includes the construction of a new 400kV Transmission Line spanning approximately 99 kilometers. The project is slated for completion within an 18-month timeframe. The order has been placed by PGCIL on behalf of their Special Purpose Vehicle (SPV), M/s POWERGRID Siwani Transmission (erstwhile Bikaner B Power Transmission) (PSTL). Commenting on this significant achievement, Mr. Rajesh Ganesh, MD and CEO of Bajel Projects Limited, stated, We are proud to contribute to the nation's green energy initiatives by strengthening the transmission system for the REZ Ph-IV, Bikaner Complex. This project reflects our commitment to delivering high-quality, timely, and efficient solutions that power India's growth."
Business Standard
03-07-2025
- Business
- Business Standard
Bajel Projects hits the roof after securing mega order from Power Grid Corporation
Bajel Projects was locked in an upper circuit of 5% at Rs 245.55 after the company secured a mega order from PowerGrid Corporation of India for a critical 400 kV transmission line project. According to the companys classification, a mega contract is valued between Rs 300 crore and Rs 400 crore. The latest order is for Transmission Line Package TL04 for the Siwani to Jind 400 kV transmission line. This line is part of the REZ Phase IV project in the Bikaner Complex. The project was awarded to Power Grid through a tariff-based competitive bidding process. Bajels work includes building a 99-km 400 kV transmission line. The complete engineering, procurement, and construction project is set to be finished within 18 months, according to the company. Rajesh Ganesh, MD and CEO of Bajel Projects, stated, We are proud to contribute to the nation's green energy initiatives by strengthening the transmission system for the REZ Ph-IV, Bikaner Complex. This project reflects our commitment to delivering high-quality, timely, and efficient solutions that power India's growth." Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna 'company under the Ministry of Power, GoI. As of 31 March 2025, the Government of India owned a 51.34% stake in the company. Shares of Power Grid Corporation of India fell 0.53% to Rs 293.30 on the BSE.
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Business Standard
03-07-2025
- Business
- Business Standard
Bajel Projects shares rise 5% on 'mega' order from Power Grid Corp
Shares of Bajel Projects rose 5 per cent on Thursday after it secured an order from Power Grid Corporation worth ₹300 crore to ₹400 crore for a 400kV transmission line. The heavy electrical equipment maker's stock rose as much as 5 per cent to hit an upper circuit of ₹242.7 per share, the highest level since January 1 this year. This compares to a 0.35 per cent advance in Nifty 50 as of 12:55 PM. Shares of the company snapped a three-day losing streak on Thursday, and the stock currently trades 0.6 times the 30-day average trading volume, according to Bloomberg data. The counter has fallen 11 per cent this year, compared to a 7.6 per cent advance in the benchmark Nifty 50. Bajel Projects has a total market capitalisation of ₹2,838.62 crore, according to BSE data. Track LIVE Stock Market Updates Here Bajel Projects bags order from Power Grid The company secured a 'mega' order from PowerGrid Corp, valued between ₹300-₹400 crore, according to an exchange filing on Thursday. The order falls 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 involves 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. 'We are proud to contribute to the nation's green energy initiatives by strengthening the transmission system for the REZ Ph-IV, Bikaner complex," said Rajesh Ganesh, managing director and chief executive officer, Bajel Projects. "This project reflects our commitment to delivering high-quality, timely, and efficient solutions that power India's growth." 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.
