Bajel Projects Secures Mega and UltraMega Orders from POWERGRID for Inter-Regional Network Expansion Scheme
Bajel Projects Limited, a specialized EPC player in power transmission infrastructure, has been awarded two significant contracts by Power Grid Corporation of India Limited (POWERGRID) under the WR-ER Inter-Regional Network Expansion Scheme. The orders, related to transmission line packages TL06 and TL02, categorize as Mega and UltraMega orders, reinforcing Bajel’s capability across high-voltage power systems.The two EPC assignments involve strengthening inter-regional power evacuation capacity between the Western and Eastern Regions of India. These projects are crucial for enhancing grid connectivity across Chhattisgarh and Jharkhand within the broader WR-ER corridor.
Project Details and Scope of Work
Bajel Projects Limited secured these contracts based on its project classification policy, which categorizes project wins (inclusive of GST) into specific financial bands.
The key deliverables under the two packages are as follows:
- TL06 - LILO of Ranchi (New) - New PPSP 400kV D/C Line at Jamshedpur (New): The scope for this package includes the design, supply, erection, testing, and commissioning of new 400kV double-circuit transmission lines connecting Jamshedpur (New) with Ranchi (New) and New PPSP. This order is classified as a Mega order, valued at INR 300 Cr+.
- TL02 - Raigarh (Tamnar) - Jamshedpur (New) 765kV D/C Line, Part-II: The scope of work covers the construction of a new 765kV double-circuit transmission line from Raigarh (Tamnar) to Jamshedpur (New), Part-II. This package is categorized as an UltraMega order, valued at INR 400 Cr+
The company’s project classification policy delineates financial bands for these types of orders:
| Significant Orders | Large Orders | Major Orders | Mega Orders | Ultra-mega Orders |
|---|---|---|---|---|
| Rs. 50 Cr to Rs. 100Cr | Rs. 100 Cr to Rs. 200 Cr | Rs. 200 Cr to Rs. 300 Cr | Rs. 300 Cr to Rs. 400 Cr | Rs. 400 Cr and Above |
Management Commentary
Rajesh Ganesh, Managing Director and CEO of Bajel Projects Limited, commented on the recent acquisitions, stating that securing both TL06 and TL02 under the WR-ER Inter-Regional Network Expansion Scheme in quick succession serves as a strong endorsement of Bajel’s execution capabilities across both 400kV and 765kV transmission systems.
Mr Ganesh noted that these packages are critical to strengthening power flow between the Western and Eastern regions, representing one of the company's largest transmission line wins to date. He added that the teams at Bajel Projects Limited are fully prepared to deliver both projects safely and to the highest standards of quality.
Bajel Projects Limited is recognized as a leading EPC player in power transmission infrastructure, with experience in project management skills across various national and international utilities and private infrastructure players.
BAJEL Stock Price Movement
As of 12:50 PM, shares of Bajel Projects Limited are gaining momentum in live trading, climbing to ₹197.37 as the stock rises by 2.91%. The company’s equity has seen robust activity today, with a total traded volume reaching 565,348 shares 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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