Bajel Projects Limited has informed the Exchange about Capacity addition
BAJEL · price
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On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.0 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.
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Bajel Projects has announced a major capacity expansion at its Ranjangaon galvanization facility, increasing capacity from 40,500 MT per annum to 1,10,000 MT per annum — roughly a 2.7x jump. The existing plant is already running at 98% utilization, showing strong demand. The expansion will be carried out in phases between Q4 FY26 and Q4 FY27, with a proposed investment of Rs. 170 crore to be funded through internal accruals and debt. The company says the move is aimed at meeting captive demand and tapping domestic and international markets. No specific revenue or order-book impact has been disclosed yet.
This is a meaningful growth-oriented capex that signals confidence in demand, but the Rs. 170 crore spend and phased execution over five quarters may put short-term pressure on margins and return ratios. Shareholders should watch for execution timelines and any updates on debt drawdown.