Bajaj Group EPC Stock Surges 6.64% after Bagging Ultra-Mega Transmission Orders Worth Over Rs.400 Cr.

🔹 Summary

Bajel Projects Ltd, a fast-growing EPC company, has secured Ultra-Mega EPC orders (defined as Rs.400 Cr and above) for transmission lines and substations from two major power infrastructure entities:

  1. PowerGrid Corporation of India Ltd. (PGCIL), Gurugram – on behalf of SPV Kurnool-IV Power Transmission Limited

  2. Inergy Infra Private Limited, Pune – on behalf of Torrent Solar Power Private Limited

The awarded projects include the construction of 765kV and 400kV transmission lines and AIS substations in Andhra Pradesh and Maharashtra, aimed at strengthening the power evacuation infrastructure for renewable energy zones (REZ).

📊 Stock Performance

  • Following the order announcement, Bajel Projects Ltd shares surged by 10.77%, reaching an intraday high of Rs.208.10.
  • Market Capitalization: Rs.1,885.60 Crore


📄 Key Contract Details

🏗️ Project 1:

  • Client: PowerGrid Corporation of India Ltd. (PGCIL), Gurugram

  • SPV: Kurnool-IV Power Transmission Limited

  • Scope:

    • 765kV D/C Transmission Line from Kurnool-IV to Kurnool-III PS in Andhra Pradesh

    • Part of the Transmission System for Integration of Kurnool-IV REZ Phase-I (4.5 GW capacity)

⚙️ Project 2:

  • Client: Inergy Infra Private Limited, Pune

  • Owner: Torrent Solar Power Private Limited

  • Scope:

    • 400kV Transmission System for evacuation of power from a 550MW Solar-Wind Hybrid Power Plant at Beed, Maharashtra

    • Includes a New 400kV AIS Substation for power evacuation

🏢 About the Company

Incorporated in 2022, Bajel Projects Ltd is in the business of Engineering, Procurement and Construction Bajel Projects Limited (BPL) is a carved out legal entity from Bajaj Electricals Ltd. It's EPC segment comprises of Power Transmission & Power Distribution. BPL provides end to end solutions ranging from inhouse design, testing, procurement, manufacturing, installation & commissioning of the projects.

📢 Disclaimer

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