BAJELBSEBajel Projects LtdHighPositive
Announced Wed, 13 May · 15:55 IST

Announcement under Regulation 30 (LODR) for Bagging of Order for Transmission Line

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Price reaction · full curve 14 horizons · vs prior close
+3.6%1-day move
₹170.60
prior close
₹184.00
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AI summary

Bajel Projects Limited has received a Major EPC order from PowerGrid Corporation of India Limited (PGCIL) for constructing a ~70 km 400kV (Quad) D/c transmission line from Bellary to Davanagere substation. The order is part of a renewable energy evacuation scheme that will connect 2.75 GW of solar/wind capacity at Bellary and 0.25 GW at Davanagere to the national grid. The project has a timeline of 21 months from the date of Notice of Award. Based on the company's classification, this falls under 'Major Orders' (Rs. 200-300 Cr range). The order is in the ordinary course of business and is not a related party transaction.

Likely market impact

This order win strengthens Bajel's order book in the high-voltage transmission segment and demonstrates continued execution capability in power infrastructure. The renewable energy focus aligns with India's energy transition goals, providing visibility on future revenue from transmission projects.