Bajel Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
BAJEL · price
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Bajel Projects Limited has received a Major EPC order from PowerGrid Corporation of India Limited (PGCIL) for constructing a ~70 km 400kV (Quad) D/c transmission line from Bellary to Davanagere substations. The order falls under the Bellary-Davanagere Renewable Energy evacuation scheme and will help evacuate 3 GW of renewable power (0.25 GW at Davanagere and 2.75 GW at Bellary) into the national grid. The project has a delivery timeline of 21 months from the issuance of Notification of Award. The order is classified as a 'Major Order' (Rs. 200 Cr to Rs. 300 Cr range per company policy) and is in the ordinary course of business. No related party transaction or promoter interest exists.
This order win strengthens Bajel's order book in the high-voltage transmission segment and aligns with India's renewable energy infrastructure push. Given the 'Major' classification and 21-month execution timeline, this should provide revenue visibility over the next 1-2 financial years, which is positive for the company's fundamentals.