Bajel Share Price Hits 5% Upper Circuit After Mega 400kV Transmission Line Order from Power Grid

Bajel Projects Limited was in the spotlight on July 3, 2025, after winning a mega order from PowerGrid Corporation of India Limited (PGCIL). Here's a closer look at the details of the order and its broader significance.

Bajel Share Price Hits Upper Circuit 

Bajel Projects share price hit the 5% upper circuit at 12:49 PM on July 3, 2025. The sharp upward movement came in response to the company announcing a significant transmission line order from PowerGrid Corporation of India Limited (PGCIL), signalling increased investor confidence in the firm’s operational strength and order inflow.

Mega Transmission Line Order Secured from Power Grid 

Bajel Projects has won a large-scale EPC contract for the construction of a 400kV double circuit transmission line between Siwani and Jind. The total project length spans approximately 99 kilometres. Categorised under the company’s ‘Mega’ classification, the order exceeds ₹300 crore in value, inclusive of GST.

The awarding entity is POWERGRID Siwani Transmission Limited, a Special Purpose Vehicle of PGCIL (formerly Bikaner B Power Transmission Limited), and the order was secured under the Tariff-Based Competitive Bidding (TBCB) route.

Project to Support Renewable Energy Integration

This transmission line forms part of the broader Renewable Energy Zone Phase IV (6 GW) initiative within the Bikaner Complex. It is intended to facilitate the evacuation of renewable energy capacity and enhance national grid reliability. The execution period for the project is 18 months from the issuance of the Notification of Award.

Leadership Expresses Strategic Commitment

Rajesh Ganesh, Managing Director and CEO of Bajel Projects, commented: “We are proud to contribute to the nation’s green energy initiatives by strengthening the transmission system for the REZ Ph-IV, Bikaner Complex. This project reflects our commitment to delivering high-quality, timely, and efficient solutions that power India’s growth.”

Read More: Mukesh Ambani’s Reliance to Spin Off FMCG Division Before Mega IPO! 

Conclusion 

The win underscores Bajel’s capabilities in executing complex and critical infrastructure projects. Formerly a part of Bajaj Electricals’ EPC division, Bajel continues to grow as an independent entity in the power transmission and distribution sector, leveraging its strong project management expertise.

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