Bajel Projects Limited Secures Mega Order for 400kV Transmission Line Works
Bajel Projects Limited has been awarded a significant EPC Order for Transmission Line works from PowerGrid Corporation of India Limited (PGCIL). The contract falls under the classification of a Mega Order, according to the company's project structure.The order involves the construction of the Transmission Line Package TL06 for LILO of Ranchi (New)- New PPSP 400kV D/C line at Jamshedpur (New). The scope of work includes the Jamshedpur (New) to LILO section towards Ranchi (New)- 400kV D/C (Twin Moose), and the Jamshedpur (New) to LILO section towards New PPSP - 400kV D/C (Twin HTLS).
The contract was placed by PGCIL on behalf of their SPV, M/s WR ER Part A Power Transmission Limited. The project represents an EPC Contract for Transmission Line works and is considered part of the ordinary course of business for the company.
Key details regarding the order include:
- Client: PowerGrid Corporation of India Limited (PGCIL)
- Nature of Business: Ordinary course
- Order Type: Mega Order
- Time Period: 27 Months from the date of issuance of Notification of Award
The transaction is a domestic contract. The company confirmed that neither the promoter nor the promoter group or any group companies hold an interest in the entity awarding the order, and the contract does not constitute a related party transaction.
BAJEL Stock Price Movement
Shares of Bajel Projects Limited on Friday slipped by 1.72% to close at ₹191.78. The stock traded during the session with a volume totaling 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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