Bajel Projects hit the 5% upper circuit after securing a ₹300–₹400 crore EPC order from PGCIL for a 400kV transmission line under the REZ Ph-IV project.
As of July 3, 01:04 pm IST, the benchmark Sensex was up 0.2% at 83,575, while the broader NSE Nifty 50 advanced 0.2% to 25,500, tracking gains in Asian markets after a U.S.–Vietnam trade deal, while investors eyed progress on a potential U.S.–India agreement.
Along with this, Bajel Project share price hit 5% upper circuit as the company bagged a significant order. Details as follows
Bajel Projects Limited, a prominent entity in the power transmission and infrastructure sector, announced today that it has been awarded a significant EPC (Engineering, Procurement, and Construction) order for a Transmission Line. This "Mega order," as classified by the company's policy, falls within the ₹300 Crore to ₹400 Crore range (inclusive of GST). The order was awarded by PowerGrid Corporation of India Limited (PGCIL).
The specific project involves the Transmission Line Package TL04 for the Siwani-Jind (PG) 400kV D/C (Quad) Transmission Line. This line is associated with the Transmission System of REZ Ph-IV (Part 3: 6GW) (Bikaner Complex): Part B, which was secured by POWERGRID through the Tariff-Based Competitive Bidding (TBCB) route. The scope of work for Bajel Projects encompasses the construction of a new 400kV Transmission Line, spanning approximately 99 kilometres. The project is slated for completion within an 18-month timeframe from the date of the Notification of Award.
PGCIL placed this order on behalf of its Special Purpose Vehicle (SPV), M/s "POWERGRID Siwani Transmission Limited" (formerly Bikaner B Power Transmission Limited). Bajel Projects Limited has stated that neither the promoter, promoter group, nor group companies have any interest in the entity that awarded this order. Furthermore, the order does not fall under the purview of a related party transaction.
Commenting on this significant achievement, Mr. Rajesh Ganesh, MD and CEO of Bajel Projects Limited, stated, “We are proud to contribute to the nation's green energy initiatives by strengthening the transmission system for the REZ Ph-IV, Bikaner Complex. This project reflects our commitment to delivering high-quality, timely, and efficient solutions that power India's growth."
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 2, 2025, Bajel Projects Limited's share price is locked in 5% upper circuit at ₹242.72 per share on the National Stock Exchange (NSE). The stock has shown a return of 44% over the last three months. On the year-to-date basis, the stock price is down by 11.11% while in the last 12 months it is down by 20.39%.
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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