Bajel Projects Share Price Surges Over 3%; Declared Successful Bidder for Lakadia Inter-State Transmission Project

Bajel Projects has got a new transmission project through its associate company, AnantGrid Projects One Private Limited (AGPOPL), as per the exchange filings.  

The company has been declared the successful bidder for the Lakadia-Part A Inter-State Transmission Project in Gujarat.  

AnantGrid Emerges as Successful Bidder 

AGPOPL received the Letter of Intent from PFC Consulting Limited after emerging as the L1 bidder in an e-reverse auction held on August 6 and 7, 2026. 

AGPOPL is jointly owned by Bajel Projects with a 26% stake and the National Investment and Infrastructure Fund (NIIF) with 74%.  

Project Covers 270 Km of Transmission Lines 

The project will involve around 270 km of 765 kV double-circuit transmission lines between Halvad and Vadodara. 

There will also be additional work at three substations in Gujarat: Halvad, Vadodara, and South Olpad. The transmission scheme is linked to power evacuation from Lakadia Phase-II, Jam Khambhaliya Phase-II and Jamnagar Phase-I.  

The filing does not disclose the value of the project. 

Bajel and NIIF Partnership 

The latest win follows the collaboration between NIIF, Bajel Projects and AnantGrid, which was formed in March 2026 to pursue power transmission projects through the TBCB route. 

Under the arrangement, NIIF brings investment and asset management capabilities; AnantGrid handles project development, while Bajel contributes its EPC experience.  

Read More: Data Patterns Share Price Surges Over 3%; Secures ₹585.76 Crore Radar Electronics Order From BEL! 

Bajel Projects Share Price Performance  

As of 21 August 2026, at 2:05 PM, Bajel Projects Ltd share price is trading at ₹187.06 per share, reflecting a surge of 3.59% from the previous trading session. 

Conclusion 

AnantGrid Projects One has been declared the successful bidder for the Lakadia-Part A transmission project, covering around 270 km of 765 kV lines and work at three Gujarat substations.  

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