Bajel Projects Limited has informed the Exchange regarding a press release dated March 10, 2026.
BAJEL · price
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Bajel Projects Limited has signed a collaboration agreement with National Investment and Infrastructure Fund (NIIF) and AnantGrid Private Limited to jointly pursue power transmission projects in India. The three-way partnership combines NIIF's investment and asset management capabilities, AnantGrid's project development and management expertise, and Bajel's engineering and execution skills in the Power EPC space. The collaboration targets opportunities driven by India's 500GW renewable energy goal by 2030, grid modernization, and increased private sector participation. Bajel, a Bajaj Group company, clarified it will continue its core EPC execution business while this adds a new growth avenue. Avener Capital advised Bajel on the deal.
This collaboration opens a new growth vertical for Bajel in power transmission beyond its traditional EPC work, backed by a sovereign-linked investor (NIIF). It strengthens Bajel's long-term order pipeline and credibility, but financial terms or equity stakes were not disclosed, so the near-term stock impact may be limited pending further clarity.