Bajel Projects Share Price in Focus; Bags Large Order for 765kV Mandsaur Substation Extension

Bajel Projects Limited informed stock exchanges about receiving a Large order for transmission infrastructure works in India, in line with disclosure requirements under SEBI Listing Regulations. 

Details of the Order Awarded 

On February 6, 2026, Bajel Projects Limited announced that it has been awarded an EPC contract for the extension of the 765 by 400 by 220kV AIS Mandsaur Pooling Station. The order has been awarded by PowerGrid Corporation of India Limited on behalf of the special purpose vehicle Mandsaur I RE Transmission Limited. 

The contract falls under the Large order category, valued between ₹100 crore and ₹200 crore, inclusive of GST, as per the company’s internal classification policy. 

Scope and Nature of the EPC Contract 

The project involves bay extension works at the existing Mandsaur substation under the augmentation of transformation capacity and implementation of line bays for renewable energy interconnection. The order has been awarded through the tariff based competitive bidding route. 

The execution timeline for the contract is between 18 and 30 months from the date of issuance of the notification of award. 

Read More: Swan Defence Share Price in Focus; Secures Defence Export Order from Oman for Naval Training Vessel! 

Regulatory and Transaction Disclosures 

The company confirmed that the order is in the ordinary course of business and has been awarded by a domestic entity. It also stated that none of the promoter or promoter group entities have any interest in the awarding entity. 

The contract does not fall under related party transactions, as disclosed to the stock exchanges. 

Background of Business Operations 

Bajel Projects operates in the power transmission and distribution EPC segment. The company undertakes projects related to substations, transmission lines and associated infrastructure across multiple regions in India. 

Bajel Projects Share Price Performance  

As of February 06, 2026, at 12:41 PM, Bajel Projects share price on NSE was trading at ₹165.53 down by 2.83% from the previous closing price. 

Conclusion 

The award of the 765kV Mandsaur substation extension order adds to Bajel Projects Limited’s existing portfolio of power transmission EPC contracts. The disclosure outlines the project scope, value range and execution period as per regulatory norms. 

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