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Bajel Projects touches the roof on securing order from PowerGrid Corporation of India

23 Jun 2025 Evaluate

Bajel Projects is locked its upper circuit at Rs. 209.80, up by 9.95 points or 4.98% from its previous closing of Rs. 199.85 on the BSE.

The scrip opened at Rs. 209.80 and has touched a high and low of Rs. 209.80 and Rs. 209.80 respectively. So far 376 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 330.00 on 05-Jul-2024 and a 52 week low of Rs. 145.20 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 221.35 and Rs. 198.00 respectively. The current market cap of the company is Rs. 2425.34 crore.

The promoters holding in the company stood at 62.58%, while Institutions and Non-Institutions held 9.90% and 27.53% respectively.

Bajel Projects has secured a noteworthy order from PowerGrid Corporation of India (PGCIL) on behalf of their Special Purpose Vehicle (SPV) M/s ‘MEL Power Transmission’. This win falls within the ultra-mega band (Rs 400 crore and above), underscoring Bajel Projects' growing prominence and expertise in large-scale infrastructure development.

The comprehensive order from PGCIL encompasses’ critical components for enhancing India’s transmission capabilities, specifically for the Transmission Line Package TL01. The scope of work includes construction of a new 400kV D/c Transmission Line stretching approximately 138 kilometers, connecting Mahan (Existing Bus) - Rewa PS (PG) using Quad ACSR/AAAC/AL59 moose Equivalent conductors and extension of 400kV Substation Bay works at the Rewa (PG) associated with the Transmission System for the evacuation of power from Mahan Energen Generating Station in Madhya Pradesh.

This crucial project is set to be completed within 29 months, further solidifying Bajel Projects’ commitment to timely and efficient execution of vital infrastructure projects. This order highlights Bajel Projects’ continued dedication to supporting the nation’s power sector and its strategic vision for a robust and reliable energy grid.

Bajel Projects is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors.

Bajel Projects Share Price

184.70 3.75 (2.07%)
23-Apr-2026 16:59 View Price Chart
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