Associate wins Lakadia Part-A transmission project under TBCB

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BAJEL · price

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Price reactionminutes from the announcement price · days from the prior close

+6.1%Reaction day

₹181.00

prior close

₹181.49

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+5.8% vs market

Heavy Electrical Equipment peers, median of 33sector+0.1%+6.0% vs sector

On the reaction day the stock moved 5.8 pts more than Nifty Microcap 250 and 6.0 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.3

10m

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15m

+2.4

30m

+4.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.1+0.3+5.8+0.1+6.0

Next day

+5.6+0.5+5.1-0.1+5.6

+3.9+0.1+3.8-0.6+4.5

+4.7+0.7+4.0-0.9+5.6

+7.2+0.4+6.8+0.3+6.9

+6.5+0.7+5.7-0.3+6.8

+3.1+0.1+3.0-1.5+4.6

15d

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-5.2+0.3-5.4-0.5-4.6

-13.2-6.2-7.0-8.4-4.7

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UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 33Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bajel's associate AnantGrid Projects One (AGPOPL), jointly held by Bajel (26%) and NIIF (74%), received a Letter of Intent from PFC Consulting as successful bidder for the Lakadia Part-A inter-state transmission project. AGPOPL was L1 in e-reverse auction on Aug 6-7. Scope: around 270 Km of 765 KV double-circuit lines from Halvad to Vadodara in Gujarat plus substation work at Halvad, Vadodara and South Olpad. Project will evacuate power from 14 GW of renewable capacity.

Likely market impact

Positive. Bajel holds 26% in AGPOPL; project win strengthens EPC order pipeline, though direct financial impact is indirect and order value not disclosed.