Shares of Bajel Projects Ltd surged to the 5% upper circuit at ₹209.80 on the BSE after the company announced it had secured a prestigious ₹400+ crore Ultra Mega transmission project from PowerGrid Corporation of India Ltd (PGCIL). The stock rallied from its previous close of ₹199.85, reflecting strong investor confidence in the company’s expanding order book and execution capabilities.
⚡ Project Details: Strengthening India’s Power Backbone
The awarded contract involves:
- Construction of a 138 km 400kV double-circuit transmission line
- Extension of 400kV substation bays at Rewa, Madhya Pradesh
- Integration with the Mahan Energen Limited Generating Station
The project, classified as an EPC (Engineering, Procurement, and Construction) contract, is expected to be completed within 29 months.
“We are incredibly proud to have secured this ultra-mega order from PowerGrid. It reflects our robust capabilities in executing large and complex power transmission projects,” said Rajesh Ganesh, MD & CEO of Bajel Projects.
📊 Financial Performance and Growth Outlook
- Q4 FY25 Revenue: ₹801 crore (up 64% YoY)
- Q4 FY25 Net Profit: ₹5 crore (down from ₹7 crore YoY)
- Unexecuted Order Book: ₹2,984 crore as of March 31, 2025
- Transmission Sector Contribution: 88% of total order book
Bajel Projects operates across 7+ countries, with over 8,686 ckm of transmission lines, 76,000+ transformers, and a manufacturing capacity of 44,741 MT in FY24–25.
🌍 Global Expansion and Sector Outlook
The company is eyeing major opportunities in Asia, the Middle East, Africa, and ANZ, where over 500,000 ckm of transmission capacity is expected to be added, representing a $38 billion market.
Stay tuned for more updates on India’s infrastructure and capital markets.
