Bajel Projects shares hit a 5% upper circuit at ₹251.20 after announcing a galvanisation capacity expansion from 40,500 MT to 110,000 MT. The ₹170 crore project aims to meet demand and will be completed by Q4 FY27.
Equity benchmarks continued to move within a narrow range on Wednesday as investors remained cautious due to the absence of clear triggers. Market sentiment was further dampened by reports suggesting that U.S. President Donald Trump may announce a new list of seven countries facing revised tariff rates on Thursday.
As of 12:42 pm IST, the BSE Sensex hovered near 83,768, up 50 points or 0.06 per cent, while the Nifty50 inched up by just 3 points to trade at 25,527.
Along with this, the Bajel Project share price hit a 5% upper circuit as the company announced an expansion plan at the Ranjangaon facility. Details as follows
Bajel Projects Limited announced a significant capacity expansion at its Ranjangaon facility.
The company plans to increase its total galvanisation capacity from the existing 40,500 MT per annum to 1,10,000 MT per annum. The current existing capacity utilisation is 98%. The proposed capacity addition is expected to be completed in phases, from Q4 FY26 to Q4 FY27.
The investment proposed for this expansion is ₹170 crores, which will be financed through internal accruals and/or debt. The rationale behind this expansion is to meet captive demand and boost sales in both domestic and international markets.
For the quarter ended March 2025, the company reported a revenue from operations of ₹801.43 crore, marking a year-on-year growth of 63.84% compared to ₹489.16 crore in the same quarter last year. However, profit after tax declined by 31.79% to ₹4.82 crore from ₹7.07 crore in the March 2024 quarter.
On a full-year basis, revenue from operations stood at ₹2,598.24 crore in FY25, a significant increase of 122.22% over ₹1,169.21 crore reported in FY24. The profit after tax also surged sharply by 260.75% to ₹15.46 crore for FY25, up from ₹4.29 crore in the previous financial year.
As of July 9, 2025, Bajel Projects Limited's share price is locked in 5% upper circuit at ₹251.20 per share on the National Stock Exchange (NSE). The stock has shown a return of 64.08% over the last three months. On the year-to-date basis, the stock price is down by 8% while in the last 12 months it is down by 18.97%.
Bajel Projects Limited (Bajel) is a leading company in the power infrastructure business, with a strong presence in the Power Transmission and Power Distribution sectors. Formerly part of Bajaj Electricals Limited under the EPC segment, Bajel operates with the same principles and values that guided its growth for two decades at Bajaj Electricals Limited. As part of the Bajaj group, Bajel is recognised for its project management skills and operational excellence, making it a preferred partner for various state, national, and international utilities, as well as private infrastructure players.
Disclaimer: The article is for informational purposes only and not investment advice.
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