Bajel Projects Shares Jump 20% After Securing EPC Order From Tata Power
Stock Surges After Fresh Order Win
Shares of Bajel Projects Ltd. surged by as much as 20% on Monday, March 16, after the company informed stock exchanges that it had secured a significant engineering, procurement and construction (EPC) order from Tata Power Company for transmission line works.The announcement triggered strong buying interest in the stock during the trading session.
Details of the Tata Power Contract
According to the company's disclosure, the order involves EPC work for monopoles, including foundation construction, for the 220 kV Kalwa Kalyan Pal transmission line project in Mumbai.Bajel Projects classified the contract as a “significant order”, which indicates an order value in the ₹50 crore to ₹100 crore range.
Another Major Order Announced Earlier
The latest contract follows another large order win announced by the company on Friday.Bajel Projects had earlier disclosed that it secured an order worth ₹700 crore from Maharashtra State Electricity Transmission Company Ltd.
The project involves EPC work for power transmission lines and substation infrastructure.
Bajel Projects Share Price Movement
Following the back to back order announcements, Bajel Projects shares were trading nearly 20% higher at ₹167.95 on Monday, reflecting positive investor sentiment around the company’s growing order book.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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