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Bajel Projects Received Contract for 400KV Transmission Line Construction

Written by: Team Angel OneUpdated on: Jan 14, 2025, 1:51 PM IST
On January 13, Bajel Projects Ltd announced that Adani Energy Solutions Ltd (AESL) had awarded them an EPC contract.
Bajel Projects Received Contract for 400KV Transmission Line Construction
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Bajel Projects Limited (BPL), a distinguished Indian enterprise, operates at the forefront of the engineering, procurement, and construction (EPC) sector, particularly excelling in power infrastructure. 

Project Details

On January 13, 2025, Bajel Projects Ltd announced securing a prestigious EPC contract from Adani Energy Solutions Ltd (AESL) for the development of a 400kV double-circuit (D/C) transmission line. Spanning an impressive 217 km, the project will seamlessly link Raipur in Chhattisgarh to Tiroda in Maharashtra, employing Quad ACSR Moose conductors.

“We are pleased to inform you that the Company has been awarded a supply of Goods and Services contract by Adani Energy Solutions Limited (AESL),” Bajel Projects revealed in a regulatory filing.

This significant contract encompasses the provision of goods and services, with a targeted completion timeline of 18 months from the issuance of the letter of award. The company confirmed that the agreement does not qualify as a related-party transaction, and no promoters or group entities hold vested interests in AESL.

In an earlier achievement last month, Bajel Projects secured another high-profile contract from Solapur Transmission Ltd, a project entity of Torrent Power Ltd. This contract involves the establishment of a state-of-the-art 400/220 KV Solapur substation in Maharashtra.

Statement from Bajel Projects

“We are delighted to announce that the Company has been awarded a supply of Goods and Services contract by M/s Solapur Transmission Limited (Project SPV company of Torrent Power Ltd),” Bajel Projects stated in an official filing.

Share Price Performance

As of 11:45 AM, Bajel Projects Ltd shares were trading at ₹238.80 per share on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 14, 2025, 1:51 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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