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Bajaj Electricals soars as its unit bags orders worth Rs 518.46 crore

15 Sep 2014 Evaluate

Bajaj Electricals is currently trading at Rs. 295.60, up by 18.30 points or 6.60% from its previous closing of Rs. 277.30 on the BSE.

The scrip opened at Rs. 287.00 and has touched a high and low of Rs. 295.95 and Rs. 287.00 respectively. So far 35657 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 2 has touched a 52 week high of Rs. 384.80 on 28-May-2014 and a 52 week low of Rs. 156.00 on 13-Nov-2013.

Last one week high and low of the scrip stood at Rs. 296.45 and Rs. 276.75 respectively. The current market cap of the company is Rs. 2780.58 crore.

The promoters holding in the company stood at 65.90% while Institutions and Non-Institutions held 20.14% and 13.96% respectively.

Bajaj Electricals’ Engineering & Project Business Unit has bagged eight new orders for Rural Electrification work in Jabalpur District from Madhya Pradesh Purva Kshetra Vidyut Vitaran Company (MPPKVVCL) and in Bhopal District from Madhya Pradesh Madhya Kshetra Vidyut Company (MPMKVVCL), under Rajiv Gandhi Gram Vikas Yojana, aggregating to Rs 518.46 crore.

The scope of work for MPPKVVCL includes Rural Electrification Work in Shahdol, Rewa, Annupur, Sidhi, Balaghat, Chhatarpur and Panna Districts of Madhya Pradesh for 11 KV lines, DT erection & LT lines on AB cables & BPL connections. The contract is worth Rs 412.37 crore and the completion period is 24 months.

The scope of work for MPMKVVCL includes Rural Electrification Work in Morena district of Madhya Pradesh for additional 33/11KV substation, Augmentation of 33/11KV substation, New 11/0.4KV 25KVA, 3Ph Distribution substation including DDT Metering, 3 Ph, 11 KV line with Rabbit ACSR Conductor, New LT line 3 Ph, 5 W on 25 sq.mm AB XLPE Cable, Electrification of BPL households Coverage of Habitations. The contract is worth Rs 106.09 crore and the completion period is 24 months.

Bajaj Electricals, part of the Rs 20,000 crore Bajaj Group, is engaged in business appliances, fans, lighting, luminaries and engineering and projects.

Bajaj Electricals Share Price

391.55 3.70 (0.95%)
17-Apr-2026 16:59 View Price Chart
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