Bajel wins record Rs 1,500 crore domestic transmission order

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

+8.0%Reaction day

₹156.00

prior close

₹172.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.7%+6.3% vs market

Heavy Electrical Equipment peers, median of 34sector+2.7%+5.3% vs sector

On the reaction day the stock moved 6.3 pts more than Nifty Microcap 250 and 5.3 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

Stock

-1.2

10m

-1.9

15m

-2.5

30m

-2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+8.0+1.7+6.3+2.7+5.3

Next day

+3.2pendingpending+2.8+0.4

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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 been awarded a Rs 1,500 crore EPC order, including GST, for 270 km of 765 kV transmission lines and substation works in Gujarat. The domestic order has a 36-month timeline and is Bajel's largest transmission order to date. The awarding entity is a related party, with the deal stated to be at arm's length and shareholder-approved.

Likely market impact

Likely positive for order backlog and revenue visibility, but margins, execution costs and the related-party nature of the award remain key watch points.