Bajel Projects Secures EPC Contract for Power Transmission in Rajasthan

Bajel Projects Limited has recently announced its successful acquisition of an EPC (Engineering, Procurement, and Construction) contract for the construction of a 765kV transmission line. This milestone comes as part of the Rajasthan IV Phase 4 power evacuation project aimed at supporting the region’s renewable energy capacity.

On January 28, 2025, the share price of Bajel has recovered from its intraday low of ₹205.55 on the NSE and, as of 12:29 PM, is trading at ₹217.95, down by 0.93%

Key Details of the Contract

The contract was awarded by PowerGrid Corporation of India Limited on behalf of its project-specific SPV, Rajasthan IV 4A Power Transmission Limited. Below are the major highlights of the project:

• Scope of Work: Construction of a 120 km-long 765kV Dausa-Ghiror transmission line under the Transmission Line Package TL03.
• Objective: The transmission system will evacuate 3.5 GW of renewable energy from the Rajasthan Renewable Energy Zone (REZ) Phase IV.
• Timeline: The project has a completion timeline of 23 months from the issuance of the Notice of Award.
• Awarding Entity: PowerGrid Corporation of India Limited (POWERGRID), a major player in the power transmission sector.

Upcoming Earnings 

A meeting of the Board of Directors of Bajel Projects Limited is scheduled to be held on Thursday, February 6, 2025, to inter‐alia, consider and approve the unaudited standalone financial results of the company for the Q3 and 9-month ended December 31, 2024. 

No Promoter Involvement

Bajel Projects Limited has clarified that none of its promoters or group companies hold any interest in the awarding entity. Additionally, the contract is not categorised as a related-party transaction, ensuring complete compliance with SEBI’s Listing Obligations and Disclosure Requirements.

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