Bajel Projects Share Price Hits 5% Upper Circuit on Substation Order Worth ₹100-₹200 Crore

Bajel Projects Limited has received a new order valued between ₹100 crore and ₹200 crore from a private entity in the energy and power transmission sector, as per the filing. The announcement was made on June 24, 2025, and the order has been categorised under the company's 'Large' project classification.

Details of the Contract

The order includes the development of a 400 kV Gas Insulated Substation (GIS) and a 765 kV Air Insulated Substation (AIS) extension. Bajel will be responsible for supplying extra high voltage (EHV) equipment, including spares, tools, and auxiliaries.

In addition to supply, the contract covers erection, testing, commissioning (ETC), and related civil works. All installation services will be carried out for the supplied materials and equipment under this project.

Timeline and Classification

The project is scheduled to be completed within 18 months from the date of award. According to Bajel’s internal guidelines, ‘Large’ orders are those with a value between ₹100 crore and ₹200 crore, inclusive of taxes.

The company clarified that none of its promoters or group companies have any interest in the client that awarded the contract. The order also does not fall under related-party transactions.

Previous Order Update

This development follows another project win last week. Bajel Projects had secured an order worth ₹400 crore or more from PowerGrid Corporation of India Limited through its SPV, MEL Power Transmission Ltd. That project involves a 138 km 400 kV transmission line between Mahan and Rewa in Madhya Pradesh, along with substation extension work.

Read More: Bajel Projects Wins on Ultra Mega Transmission Order from PowerGrid!

Bajel Projects Share Price Performance

As of 09:47 AM on June 25, 2025, Bajel Projects share price was trading at ₹233.64, a 5% upper circuit.

Conclusion

With this new order, Bajel Projects continues to add to its project portfolio in the power infrastructure space, handling both equipment supply and execution services.

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