Announcement under Regulation 30 (LODR) for Bagging of Order for Substation.
BAJEL · price
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Bajel Projects Limited has won a Major EPC order from PowerGrid Corporation of India Limited (PGCIL) for constructing a 765kV AIS Substation at Pune East in Maharashtra. The project, part of a grid reinforcement initiative for the Pune Region, includes bay extensions at Karjat and Lonikand-II substations. The contract has a execution timeline of 21 months. Based on the company's classification, a Major order falls in the Rs. 200-300 crore range (inclusive of GST). The order is in the ordinary course of business and does not involve any related party transactions. This is Bajel's first major 765kV substation order in Maharashtra, strengthening its presence in the high-voltage transmission segment.
This order win is positive for shareholders as it adds significant revenue visibility for the next 21 months. The Rs. 200-300 crore order size is substantial for Bajel's power T&D EPC business and reinforces its position as a key player in national grid infrastructure projects.