Bajel Projects wins INR 200 Cr+ EPC order for 220kV GIS substations in Mumbai

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹156.60

prior close

₹165.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-0.6% vs market

Heavy Electrical Equipment peers, median of 34sector+0.9%-0.7% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.7 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.3+0.8-0.6+0.9-0.7

Next day

-0.0+1.0-1.1+1.6-1.6

+1.3+1.7-0.5+1.7-0.4

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+6.6+0.8+5.9+0.3+6.3

+6.2-0.9+7.1-1.7+7.8

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15d

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UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bajel Projects has won an EPC order worth over INR 200 Cr for 220kV Gas Insulated Switchgear substations at Salsette and Powai in Mumbai. Scope covers supply and installation of GIS at both receiving stations. Order qualifies as a Major order under company policy (Rs 200 to 300 Cr band). GIS technology needs less space than conventional substations, making it ideal for dense urban areas.

Likely market impact

Positive - strengthens order book in core power transmission EPC business and supports future revenue visibility.