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Bajel Projects Ltd, National Investment and Infrastructure Fund and AnantGrid Pvt Ltd announce the signing of a collaboration agreement
Posted On : 2026-03-11 21:43:59( TIMEZONE : IST )
Bajel Projects Limited (Bajel), a leading player in India's Power EPC sector and a part of the prestigious Bajaj Group, announced the signing of a collaboration agreement with National Investment and Infrastructure Fund (NIIF), a sovereign-linked alternative asset manager anchored by the Government of India and AnantGrid Private Limited (Anantgrid), a power transmission developer promoted by NIIF.
With India's target of 500GW of renewable energy by 2030 and increasing domestic / industrial demand, robust transmission infrastructure is the need of the hour.
The collaboration agreement proposes to participate in the opportunities of mutual interest in the power transmission sector in India, emanating from the Government of India's focus on renewable energy integration, grid modernization, and private sector participation. The framework aims to deliver high-quality and cost-efficient power transmission projects on time in India by combining:
(i) NIIF's investment and asset management capabilities
(ii) AnantGrid's business development and project management capabilities, and
(iii) Bajel's engineering and execution expertise.
Commenting on the collaboration, Rajesh Ganesh, MD & CEO, Bajel Projects Limited, said: "The purpose of this collaboration is to contribute to the significant power transmission growth opportunity in India. We intend to leverage Bajel's EPC expertise, NIIF's investment management capabilities and AnantGrid's project management acumen to deliver high-quality, timely and cost-efficient power transmission projects. While we will continue our focus on EPC execution with our clients, this is an additional opportunity for us to participate in India's growth story. By investing in our own growth, we are ensuring that it is benefitting the Indian Grid."
Commenting on the collaboration, Bimal Dayal, CEO, AnantGrid, said: "AnantGrid views power transmission as central to India's growth. As the country accelerates its energy transition, significant capex will be required to meet rising electricity demand. We remain focused on building high-quality, reliable transmission assets. Our partnership with Bajel strengthens this commitment, enabling us to jointly bid and deliver projects of mutual interest and contribute to India's grid expansion."
Avener Capital acted as the sole financial advisor to Bajel for this collaboration with NIIF and AnantGrid.
Shares of Bajel Projects Limited was last trading in BSE at Rs. 148.75 as compared to the previous close of Rs. 145.95. The total number of shares traded during the day was 7186 in over 170 trades.
The stock hit an intraday high of Rs. 151.30 and intraday low of 140.05. The net turnover during the day was Rs. 1063458.00.
