Bajel Projects Limited Awarded Ultra Mega EPC Contract for 765KV Transmission Line
Bajel Projects Limited has been awarded an Ultra Mega EPC (Engineering, Procurement, and Construction) order for a Transmission Line project. The contract involves constructing the 765 KV Transmission Line from Raigarh (Tamnar) to Jamshedpur (New) Part II, which is associated with the WR-ER Inter-Regional Network Expansion Scheme-Part A under the TBCB route.The order was placed by PowerGrid Corporation of India Limited (PGCIL) on behalf of their SPV, M/s WR ER Part A Power Transmission Limited. The contract falls within the ordinary course of business for the company and is categorized as a domestic EPC Contract for Transmission Line works.
The project has a total duration of 33 months commencing from the date of the Notification of Award. Given that the entity awarding the order is domestic, and there is no interest of the promoter or promoter group in the awarding entity, the transaction does not constitute a related party matter.
This contract fits within the classification of an Ultra Mega Order due to its scale and scope.
Key details regarding the project are summarized below:
| Detail | Specification |
|---|---|
| Client Entity | PowerGrid Corporation of India Limited (PGCIL) / M/s WR ER Part A Power Transmission Limited |
| Nature of Contract | EPC Contract for Transmission Line works |
| Order Description | Transmission Line Package TL02 Raigarh (Tamnar) - Jamshedpur (new) 765KV D/C line Part-II associated with WR-ER Inter-Regional Network Expansion Scheme-Part A under TBCB route. |
| Time Period | 33 Months from the date of Notification of Award |
| Order Size Classification | Ultra Mega Order (Construction of 765 kV Transmission Line) |
BAJEL Stock Price Movement
On Friday, shares of Bajel Projects Limited slipped by 1.72% as the stock settled at ₹191.78, following a decline of ₹3.34 from previous close. The equity traded throughout the session, finding an intraday low of ₹190 amidst a volume of 362,679 shares.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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