New Order General Industrials NSE: BAJEL ·

Bajel Projects Secures ₹300 Crore Mega Order for PGCIL Transmission Line Project

NSE Filing 4 min read 22 views
Bajel Projects Secures ₹300 Crore Mega Order for PGCIL Transmission Line Project

Bajel Projects Limited — New Order · BAJEL

Order Value

₹300 Cr

Mega Order Band

Market Cap

₹2,218.8 Cr

Small Cap

Revenue TTM

₹2,750.8 Cr

Operating

RSI

59.7

Neutral Zone

! Key Highlights

  • Order value classified as Mega representing a range between ₹300 Cr and ₹400 Cr
  • Client is PowerGrid Corporation of India Limited acting through its specialized SPV
  • Project scope includes 400kV transmission lines at Jamshedpur and Ranchi
  • Scheduled execution period is 27 months from the date of Notification of Award
  • Secured via domestic Tariff Based Competitive Bidding route for regional expansion

Bajel Projects Limited has been awarded a Mega Order by PowerGrid Corporation of India Limited for engineering, procurement, and construction services. The project involves the development of a 400kV double circuit transmission line with a 27-month completion window.

What Is the Order?

The contract involves the execution of Transmission Line Package TL06, which focuses on the Line-In Line-Out of the Ranchi (New) to New PPSP 400kV Double Circuit line at Jamshedpur (New). This specific package comprises two main sections: the Jamshedpur (New) to LILO section towards Ranchi (New) using 400kV D/C Twin Moose conductors, and the section towards New PPSP utilizing 400kV D/C Twin High Thermal Loading Shield technology. The project forms a critical part of the WR-ER Inter-Regional Network Expansion Scheme-Part A and was secured through the Tariff Based Competitive Bidding route.

Client Profile

PowerGrid Corporation of India Limited, the awarding entity, is a Maharatna Public Sector Enterprise and India’s primary electric power transmission utility. It owns and operates about 85% of India’s inter-regional transmission network, making it a pivotal player in the nation's energy security and grid stability. Securing a Mega Order from a central utility like PGCIL underscores Bajel Projects' engineering competence and reliability in delivering high-voltage infrastructure.

The order was technically placed on behalf of PGCIL's Special Purpose Vehicle, M/s WR ER Part A Power Transmission Limited, highlighting the structured nature of major national power projects.

Business Impact

This ₹300 crore order significantly bolsters Bajel Projects' revenue pipeline, offering clear financial visibility over a 27-month execution period. By participating in the Western Region-Eastern Region inter-regional expansion, the company demonstrates its ability to handle large-scale, technically demanding EPC contracts involving specialized Twin HTLS transmission lines. This successful bid enhances the firm's competitive positioning in the high-voltage transmission segment, which is currently experiencing a surge in demand due to the government's focus on integrating large-scale renewable energy capacities into the national grid through robust transmission corridors that require specialized engineering capabilities.

Business Overview

Bajel Projects Limited operates as a dedicated engineering, procurement, and construction company within the power infrastructure sector. Originally part of Bajaj Electricals, the company was demerged to focus exclusively on the power transmission and distribution business, including the development of substations and rural electrification projects. The company serves a broad spectrum of clients, from central utilities to state-level electricity boards and private developers.

Its core expertise lies in managing end-to-end project life cycles, ranging from initial design and procurement to final testing and commissioning of complex electrical networks across India’s evolving energy landscape.

Bajel Projects Limited — Financial Snapshot

BSE: 544042 · NSE: BAJEL · General Industrials

Current Market Price ₹191.78 per share
Market Capitalisation ₹2,218.84 Cr BSE Listed
Revenue (Annual) ₹2,791.58 Cr Operating
Net Profit (Annual) ₹20.28 Consolidated
P/E Ratio (TTM) 100.61× Sector: 58.64×
Promoter Holding 62.53% 0.00% QoQ
FII Holding 0.53% Current Qtr

Source Verified

Exchange filing by Bajel Projects Limited announcing the bagging of a mega order for a transmission line project from PGCIL. Financial metrics from Trendlyne.

View Filing