Bajel Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
BAJEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bajel Projects Limited has secured two international EPC orders from a Middle East and North Africa (MENA) based client for constructing 500kV overhead transmission lines (Lot 1 & 5). The combined order value falls in the ultra-mega category worth ₹400+ crores (inclusive of GST). The project is part of a flagship national grid reinforcement programme in the MENA region and has a timeline of 11 months from commencement date. The company clarified that no promoter or related party has any interest in the entity awarding the contract. This win further strengthens Bajel's growing MENA presence, including its existing 50:50 joint venture with Al Sharif Group in Saudi Arabia.
This is a significant positive development as the ₹400+ crore ultra-mega order substantially enhances Bajel's international order book and revenue visibility for the coming fiscal year.