Bajel Projects Share Rises Over 4% on Ultra Mega Transmission Order from PowerGrid

Bajel Projects Limited has announced the acquisition of an ultra-mega power transmission order from PowerGrid Corporation of India Limited (PGCIL), executed through its Special Purpose Vehicle (SPV), MEL Power Transmission Limited. This project, valued at ₹400 crore and above, includes the construction of a 138 km 400kV transmission line and substation bay extension at Rewa in Madhya Pradesh. The award further solidifies Bajel’s position as a key contributor to India's growing power infrastructure landscape.

Project Scope and Strategic Importance

The awarded contract pertains to Transmission Line Package TL01 and includes the construction of a 400kV double-circuit transmission line spanning approximately 138 kilometres from Mahan (Existing Bus) to Rewa PS (PG), using Quad ACSR/AAAC/AL59 moose equivalent conductors. Additionally, the project involves the extension of 400kV Substation Bay works at the Rewa (PG) substation. These developments are part of a broader transmission system designed for the efficient evacuation of power from the Mahan Energen Limited Generating Station in Madhya Pradesh.

The project has a defined execution timeline of 29 months from the date of award. Bajel confirmed that the order does not involve any related party transactions, and none of the promoter or group companies have any interest in the awarding entity.

Leadership Commentary and Company Outlook

Commenting on the development, Mr. Rajesh Ganesh, Managing Director and CEO of Bajel Projects Limited, said, “We are incredibly proud to have secured this ultra-mega order from PowerGrid Corporation of India Limited. This project reflects our robust capabilities in executing large and complex power transmission projects, contributing to India’s energy infrastructure growth.”

Bajel Projects, formerly a part of Bajaj Electricals under the EPC segment, continues to strengthen its footprint in the infrastructure space through its engineering excellence and reliable project delivery. The company has established itself as a trusted partner for state, national, and international utilities.

Read More: Vedanta Interim Dividend Record Date on June 24: What It Means for Shareholders?

Bajel Projects Share Price Performance 

As of 23 June 2025 09:44 AM, Bajel Projects share price hits 5% upper circuit and is trading at ₹211.93 per share. Over the month, the stock has surged by 1.05%.

Conclusion

This order underscores Bajel Projects Limited’s expanding role in India’s energy infrastructure and its ability to execute high-value, large-scale projects. It also highlights the company’s commitment to operational excellence and contribution to the national grid's robustness and reliability.

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.