Bajel Projects Share Price Hits 5% Upper Circuit After Announcing Major Capacity Expansion

On Wednesday, Bajel Projects share price hit 5% upper circuit limit after the company announced an important business update. This development lifted investor sentiment, driving brisk buying activity in the stock.

Capacity Expansion Plan Unveiled

Bajel Projects shared plans to significantly boost production at its Ranjangaon manufacturing facility. The company will increase its galvanisation capacity from the current 40,500 metric tonnes to 110,000 metric tonnes once the expansion is completed.

The capacity addition will be carried out in phases, beginning in Q4 FY26 and finishing by Q4 FY27.

Investment Details

To fund this expansion, Bajel Projects will invest ₹170 crore. The investment will be financed using both internal resources and debt.

The company said this move will help meet growing demand, both from its own operations and sales in domestic and global markets.

Bajel Projects Share Price Movement

Following the announcement, Bajel Projects share price opened 3% higher at ₹247.90, compared to the previous close of ₹240.35. The stock quickly climbed to an intraday high of ₹252.35, locking into the upper circuit limit of 5%.

Despite this strong rally, Bajel Projects has had a mixed performance over the past year. It has risen 65% in the last three months, but its year-to-date returns are down 9% and the stock is still 18% lower compared to a year ago.

Also Read: Tata Technologies Block Deal: TPG to Divest Remaining 2.1% Stake!

Conclusion

Bajel Projects’ expansion announcement has clearly sparked positive investor sentiment, as reflected in the stock's sharp rally. The ₹170 crore capacity expansion signals a strategic growth initiative aimed at capturing higher demand both domestically and internationally. If executed efficiently, this move could mark a turnaround in the stock’s long-term trajectory and reinforce Bajel’s position in the galvanisation segment.

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