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Business Standard
4 days ago
- 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.
Business Upturn
4 days ago
- Business
- Business Upturn
Bajel Projects bags up to Rs 400 crore order for 400kV transmission line project from Power Grid
Bajel Projects Limited, a leading name in India's power transmission and infrastructure sector, has bagged a Mega Order from the Power Grid Corporation of India Limited (PGCIL). As per the company's classification, Mega Orders are valued between ₹300 crore and ₹400 crore, highlighting the scale and importance of this latest contract win. The awarded contract involves the Transmission Line Package TL04 for the Siwani–Jind (PG) 400kV D/C (Quad) Transmission Line , forming a part of the REZ Phase IV (Part 3: 6GW), Bikaner Complex: Part B transmission system. The project was secured through the Tariff Based Competitive Bidding (TBCB) route and is being executed by PGCIL on behalf of its special purpose vehicle (SPV), POWERGRID Siwani Transmission Limited (formerly Bikaner B Power Transmission Limited). Under this contract, Bajel Projects will undertake the construction of a 400kV transmission line spanning approximately 99 kilometers. The work is scheduled for completion within an 18-month timeframe. Commenting on this milestone, Mr. Rajesh Ganesh , Managing Director and CEO of Bajel Projects Limited, said: 'We are proud to be part of India's green energy journey through this critical transmission project in the Bikaner complex. It underscores our continued commitment to delivering reliable, high-quality, and timely infrastructure that supports the country's growing energy needs.' This win further reinforces Bajel Projects' position as a trusted partner in large-scale transmission infrastructure projects. It also plays a pivotal role in accelerating India's energy transition and modernizing the national grid. 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
