Announced Sun, 19 Jul · 12:05 IST
Bajel Projects sets up wholly owned subsidiary in Abu Dhabi for EPC work
Strategic Transactions View source PDF
BAJEL · price
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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹177.19
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AI summary
Bajel Projects has incorporated a wholly owned subsidiary named Bajel T and D Projects and Contracting - L.L.C - S.P.C in Abu Dhabi, UAE on July 18, 2026. The new entity will undertake EPC projects for power transmission, distribution, substations and allied infrastructure in the Middle East. Bajel will subscribe the full initial capital of AED 100,000 (around 23 lakh rupees). The move is aimed at strengthening the company's presence in the UAE and broader Middle East region.
Likely market impact
Mildly positive — signals Bajel's Middle East expansion push in EPC, though capital outlay is small so immediate financial impact is limited.