Ultra-mega Order Propels Bajel Projects' Contribution to India's Power Sector

Bajel Projects Limited, a leading player in the power transmission and infrastructure sector, today announced it has secured a noteworthy order from PowerGrid Corporation of India Limited (PGCIL) on behalf of their Special Purpose Vehicle (SPV) M/s "MEL POWER TRANSMISSION LIMITED." This win falls within the ultra-mega band*(Rs. 400 Cr and above), underscoring Bajel Projects' growing prominence and expertise in large-scale infrastructure development.

The comprehensive order from PGCIL encompasses' critical components for enhancing India's transmission capabilities, specifically for the Transmission Line Package TL01. The scope of work includes:

- Construction of a new 400kV D/c Transmission Line stretching approximately 138 kilometers, connecting Mahan (Existing Bus) - Rewa PS (PG) using Quad ACSR/AAAC/AL59 moose Equivalent conductors.

- Extension of 400kV Substation Bay works at the Rewa (PG) associated with the Transmission System for the evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh.

This crucial project is set to be completed within 29 months, further solidifying Bajel Projects' commitment to timely and efficient execution of vital infrastructure projects.

Commenting on this achievement, Mr. Rajesh Ganesh, MD & CEO of Bajel Projects Limited, stated, "We are incredibly proud to have secured this ultra-mega order from PowerGrid Corporation of India Limited. This project reflects our robust capabilities in executing large and complex power transmission projects contributing to India's energy infrastructure growth."

This order highlights Bajel Projects Limited's continued dedication to supporting the nation's power sector and its strategic vision for a robust and reliable energy grid.

Shares of Bajel Projects Limited was last trading in BSE at Rs. 199.85 as compared to the previous close of Rs. 200.25. The total number of shares traded during the day was 4502 in over 97 trades.

The stock hit an intraday high of Rs. 208.00 and intraday low of 198.00. The net turnover during the day was Rs. 912156.00.

Source : Equity Bulls

Keywords

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