Bajel wins record Rs 1,500 crore Gujarat transmission EPC order

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BAJEL · price

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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

+3.2+1.8+1.4+2.8+0.4

+4.3+2.5+1.8+2.6+1.7

+3.4pendingpending-1.3+4.7

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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 won a Rs 1,500 crore EPC order, including GST, from Lakadia A Power Transmission for about 270 km of 765 kV double-circuit transmission line from Halvad to Vadodara and added substation works in Gujarat. The completion period is 36 months from the purchase order. It is Bajel's largest transmission order. The deal is related-party, at arm's length, with prior shareholder approval.

Likely market impact

The record order strengthens backlog and medium-term revenue visibility, but execution and related-party concentration remain risks.