Bajel Projects wins Ultra Mega transmission order worth over Rs 400 Cr from PGCIL

Govt Defence OrderBusiness Updates View source PDF Explain this filing

BAJEL · price

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

+4.7%Reaction day

₹163.10

prior close

₹168.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+2.6%+2.1% vs market

Heavy Electrical Equipment peers, median of 30sector+2.8%+1.9% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 1.9 pts more 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

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Sessions after the filingfrom the prior close

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Reaction day

+4.7+2.6+2.1+2.8+1.9

Next day

+2.7+3.6-0.9+3.2-0.5

+0.7+3.1-2.4+3.2-2.6

-2.5+2.6-5.1+2.0-4.5

-2.5+1.1-3.6+0.0-2.5

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15d

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+7.4+9.2-1.8+16.2-8.8

UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 30Pending

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

AI summary

Bajel Projects has bagged an Ultra Mega EPC order worth over Rs 400 Crore from PowerGrid Corporation of India (PGCIL) for a 765 kV transmission line. The project involves constructing 87.3 km of the Vindhyachal Pool to Prayagraj double circuit line under the Inter-regional NR-WR transmission strengthening scheme. Execution period is 21 months from the date of Notification of Award. The order is domestic, not a related party transaction. The win reinforces Bajel position in the high voltage power transmission EPC segment.

Likely market impact

Strengthens order book and revenue visibility over the next 21 months. Positive signal for Bajel push into the specialised UHV transmission EPC space.