Bajel Projects Secures Significant Power Transmission and Substation Orders in India

Bajel Projects Limited (Bajel), a Bajaj Group company and a leader in power transmission and distribution solutions today announced the receipt of new orders for key power transmission infrastructure projects in India, collectively classified in the ultramega band (400+ Crores). These orders, received from Power Grid Corporation of India Limited (PGCIL) and from Inergy Infra Private Limited, further solidify Bajel Projects' position as a trusted and reliable partner in the power sector. The new orders encompass a range of critical projects aimed at strengthening and expanding India's power transmission capabilities.

Bajel has been awarded this above contract by PGCIL, on behalf of their SPV M/s "KURNOOL-IV POWER TRANSMISSION LIMITED," for the construction of a 765kV Double Circuit (D/C) transmission line from Kurnool IV to Kurnool III PS in Andhra Pradesh. This project is part of the Transmission System for Integration of Kurnool-IV REZ-Phase-I (for 4.5GW). The project is slated for completion within 23 months.

Additionally, Bajel has also secured two orders from Inergy Infra Private Limited, Pune, for projects related to the evacuation of power from a 550MW solar-wind hybrid power plant at Beed, Maharashtra. These projects include the construction of a 400kV Transmission system and construction of a 400kV New AIS Substation. Both projects are to be completed within 12 months each.

"These wins, marking a strong start to the financial year, reinforce our commitment to executing impactful solutions for India's power sector. Both orders demonstrate Bajel Projects' expertise in executing complex power transmission projects, including the construction of high-voltage transmission lines and substations. The company's commitment to timely execution, quality, and safety is emphasized by these significant wins", said Rajesh Ganesh, MD and CEO of Bajel Projects.

These projects will play a crucial role in strengthening grid infrastructure, facilitating renewable energy integration and improving power reliability.

Shares of Bajel Projects Limited was last trading in BSE at Rs. 153.10 as compared to the previous close of Rs. 155.65. The total number of shares traded during the day was 5196 in over 368 trades.

The stock hit an intraday high of Rs. 155.20 and intraday low of 151.55. The net turnover during the day was Rs. 796106.00.

Source : Equity Bulls

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