Bajel Projects Share Jumps Over 13% on Securing 2 Major Orders from PowerGrid Corporation

Bajel Projects Limited share price is expected to remain in focus after the company announced that it secured a major EPC order for a 765kV AIS substation package in Maharashtra.  

Company Bags Major EPC Substation Contract 

According to the company’s regulatory filing, Bajel Projects received the EPC contract for the construction of a new 765kV AIS substation at Pune East, along with bay extension works at Karjat and Lonikand-II substations in Maharashtra.  

The project falls under the “Network Expansion Scheme in Maharashtra for removal of transmission constraints in Pune Region-I”. 

The company categorised the order as a “Major Order”, which, as per its internal classification framework, corresponds to projects valued between ₹200 crore and ₹300 crore, inclusive of GST.  

Belarry Davanagere Project  

The project involves the construction of the Transmission Line package TL-01 for the Bellary Davanagere 2nd 400kV (Quad) double-circuit transmission line.  

The transmission infrastructure will support evacuation of additional renewable energy capacity of 0.25 GW at Davanagere and 2.75 GW at Bellary into the national grid. 

According to the company, the project includes the construction of nearly 70 km of 400kV transmission line connecting Bellary Substation to Davanagere Substation.  

Bajel said the contracts have been awarded by PowerGrid Corporation of India (PGCIL). The execution timeline for the project is 21 months from the date of issuance of the notification of award. 

Execution Timeline Fixed At 21 Months 

Bajel Projects stated that the orders are scheduled to be executed within 21 months from the date of issuance of Notification of Award.  

Large-scale transmission infrastructure contracts generally provide stable execution visibility and strengthen EPC order books for power infrastructure companies. 

Read More: Bajel Projects Share Price Jump 13% On Winning ₹700 Crore Power Transmission Contract! 

Bajel Projects Share Price Performance 

As of 14 May 2026, at 10:25 AM, Bajel Projects share price is trading at ₹192.50 per share, reflecting a surge of 13.22% from the previous closing price. 

Conclusion 

The major 765kV Maharashtra substation order strengthens Bajel Projects’ execution pipeline and reinforces its positioning within India’s expanding power transmission infrastructure sector. 

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