Bajel Projects bags INR 700 Cr+ orders from POWERGRID

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDF Explain this filing

BAJEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.9%Reaction day

₹191.00

prior close

₹190.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.9% vs market

Heavy Electrical Equipment peers, median of 33sector-0.1%+1.0% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.0 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

+2.6

10m

+2.6

15m

+3.0

30m

+2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.9-0.1+0.9-0.1+1.0

Next day

-0.9-0.2-0.7-0.3-0.5

+1.3+0.1+1.1-0.1+1.4

+1.3+0.3+1.0-0.0+1.4

-2.0+0.4-2.4-0.4-1.6

-2.8+0.5-3.3-0.6-2.2

-5.8+0.3-6.0-2.2-3.5

15d

+1.1+1.9-0.8-1.2+2.3

-6.6+2.2-8.8-3.1-3.5

-17.8-1.2-16.6-7.0-10.8

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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 Projects has secured two EPC orders worth over INR 700 Cr from Power Grid Corporation under the WR-ER Inter-Regional Network Expansion Scheme. TL06 is a Mega order (INR 300-400 Cr) for a 400kV double-circuit line connecting Jamshedpur with Ranchi and New PPSP in Jharkhand. TL02 is an Ultra-Mega order (INR 400 Cr+) for a 765kV line from Raigarh to Jamshedpur. Management called these among the companys largest transmission line wins to date.

Likely market impact

Two large government PSU orders strengthen order book and revenue visibility over the next 2-3 years; positive for execution momentum.