Bajel Projects Limited has informed the Exchange about Corrigendum to the intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Execution of Collaboration Agreement with National Investment and Infrastructure Fund (NIIF) and Anantgrid Private Limited (Anantgrid)
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Bajel Projects Limited, part of the Bajaj Group and a player in India's Power EPC sector, has signed a three-way collaboration agreement with National Investment and Infrastructure Fund (NIIF), a government-anchored alternative asset manager managing over USD 5 billion, and AnantGrid Private Limited, an NIIF-promoted power transmission developer. The partnership will pursue power transmission opportunities in India linked to the country's 500GW renewable energy target by 2030 and growing electricity demand. NIIF brings investment and asset management, AnantGrid brings business development and project management, while Bajel contributes its engineering and EPC execution expertise. Avener Capital advised Bajel on the deal. The filing itself is a corrigendum correcting the press release date and place to New Delhi, March 10, 2026.
Positive signal for shareholders as Bajel gains access to a new growth vertical in power transmission alongside a sovereign-backed investor (NIIF) and a specialised transmission developer (AnantGrid), which could expand its order book and long-term revenue pipeline without shifting focus away from its core EPC business.