Bajel Projects Bags Ultra-mega Order Worth INR 600+ Crore for Critical Transmission Line Package
Bajel Projects Limited has secured an ultra-mega order valued at over INR 600 Crore for a 765kV Transmission Line Package (TL05). The project falls under the WR-ER Inter-Regional Network Expansion Scheme and reinforces Bajel's status as a key EPC partner in high-voltage transmission infrastructure projects across India.The contract encompasses the construction of 765kV double-circuit transmission lines connecting Raigarh (Tamnar), Raigarh (Kotra), and Dharamjaygarh in Chhattisgarh. This strategic initiative is designed to reinforce critical inter-regional power evacuation capacity, strengthening the connection between the Western and Eastern regions of the national grid.
This latest contract win contributes to Bajel's growing order book in high-voltage transmission infrastructure, underscoring the company's strong position within the power sector.
Mr. Rajesh Ganesh, Managing Director and CEO of Bajel Projects Limited, commented on the development, stating that the order strengthens the company's presence in high-capacity 765kV transmission infrastructure. He added that the contract reflects continued trust in Bajel’s execution capabilities as India’s power grid expands to meet increasing demand, ensuring projects crucial for national energy security and inter-regional connectivity are delivered.
The company has categorized project wins into various financial bands, including the classification used in this order:
| Project Size Category | Financial Band |
|---|---|
| Significant Orders | Rs. 50 Cr to Rs. 100 Cr |
| Large Orders | Rs. 100 Cr to Rs. 200 Cr |
| Major Orders | Rs. 200 Cr to Rs. 300 Cr |
| Mega Orders | Rs. 300 Cr to Rs. 400 Cr |
| Ultra-mega Orders | Rs. 400 Cr and Above |
Bajel Projects Limited is recognized as a leader in power infrastructure, operating within the Power Transmission and New Energies sectors. As part of the Bajaj Group, the company has extensive experience in project management and drives operations for various states and national utilities, making it a preferred partner in strategic grid enhancement projects.
BAJEL Stock Price Movement
On Wednesday, shares of Bajel Projects Limited edged higher by 2.08% to close at ₹192.77 per share. The stock saw a traded volume of 609,720 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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