Bajel Projects Limited has informed the Exchange about Regulation 30 (LODR) for Bagging of Order for Substation.
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Bajel Projects Limited has received a Major EPC order from PowerGrid Corporation of India Limited (PGCIL) for constructing a 765kV AIS Substation at Pune East, along with bay extensions at Karjat and Lonikand-II substations in Maharashtra. The order is part of a grid reinforcement initiative to remove transmission constraints in the Pune Region. The project has a duration of 21 months from the date of issuance of Notification of Award (NOA). The order is classified as a 'Major' order (Rs. 200-300 crore inclusive of GST) and is in the ordinary course of business. PGCIL awarded this on behalf of their SPV, NES Pune East New Transmission Limited. No related party transaction exists as confirmed by the company.
This order win strengthens Bajel's credentials in the 765kV substation segment and adds to its portfolio of high-voltage transmission infrastructure projects. The order size (Rs. 200-300 crore) is material and positive for the company's order book, though the exact revenue impact depends on the company's total revenue base.