Bajel Projects Ltd

Bajel Projects has allotted 10,625 equity shares under ESOP on 17 March 2026. Post this allotment, the issued, subscribed and paid-up capital of the Company shall comprise of 11,56,96,935 equity shares of Rs. 2 each fully paid-up amounting to Rs. 23,13,93,870/-.Powered by Capital Market - Live

The contract involves engineering, procurement and construction (EPC) of monopoles, including foundation works, for the 220 kV Kalwa'Kalyan'Pal transmission line project in Mumbai. The order, awarded by a domestic entity, falls within the company's ordinary course of business. The project involves the construction of a 220 kV transmission line using monopole structures. The company said the project is expected to be completed within 10 months from the date of issuance of the purchase order. Bajel Projects added that neither the promoter nor promoter group companies have any interest in the awarding entity, and the order does not fall under related party transactions. Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment. The company reported a consolidated net loss of Rs 0.42 crore in Q3 FY26, compared with a net profit of Rs 1.46 crore posted in Q3 FY25. Revenue from operations declined 9.64% year-on-year to Rs 562.34 crore in the quarter ended 31 December 2025. Tata Power Company is a part of the Tata Group and primarily engaged in the generation, transmission, and distribution of electricity. It aims to produce electricity entirely through renewable sources. The company's consolidated net profit fell 25.1% to Rs 771.98 crore on 9.37% fall in revenue from operations to Rs 13,948.41 crore in Q3 FY26 over Q3 FY25. The stock declined 1.10% to Rs 390.60 on the BSE. Powered by Capital Market - Live

The contract involves setting up a 400/220 kV AIS substation at Saswad in Pune district, along with associated transmission lines. The order will be placed by MSETCL on behalf of its special purpose vehicle, Saswad Transmission. The scope of the project includes construction of a 400/220 kV AIS substation and development of 400 kV and 220 kV transmission lines linked to the facility. The engineering, procurement and construction (EPC) contract is to be executed within 23 months from the date of issuance of the notification of award, the company said in a regulatory filing. The company also clarified that neither the promoter nor promoter group entities have any interest in the awarding entity and the order does not fall under related party transactions. Rajesh Ganesh, managing director (MD) & CEO, Bajel Projects, said, Securing this 700 crores ultra-mega order from MSETCL is a milestone for Bajel Projects and a strong validation of our EPC capabilities in the high-voltage substation segment. A 400/220 kV substation of this scale in the Pune district is critical infrastructure that will strengthen Maharashtra's transmission network and support the region's growing industrial and urban power demand. This order reinforces our RAASTA 2030 strategy of expanding into high-value, high-complexity projects and deepens our partnership with one of India's most important state transmission utilities. Our team is fully committed to delivering this project with the highest standards of quality and safety. Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment. Bajel Projects reported a consolidated net loss of Rs 0.42 crore in Q3 FY26, compared with a net profit of Rs 1.46 crore posted in Q3 FY25. Revenue from operations declined 9.64% year-on-year to Rs 562.34 crore in the quarter ended 31 December 2025.Powered by Capital Market - Live

The order will be placed by MSETCL on behalf of its special purpose vehicle, Saswad Transmission. The scope of the project includes construction of a 400/220 kV AIS substation and development of 400 kV and 220 kV transmission lines linked to the facility. The engineering, procurement and construction (EPC) contract is to be executed within 23 months from the date of issuance of the notification of award, the company said in a regulatory filing. The company also clarified that neither the promoter nor promoter group entities have any interest in the awarding entity and the order does not fall under related party transactions. Rajesh Ganesh, managing director (MD) & CEO, Bajel Projects, said, Securing this 700 crores ultra-mega order from MSETCL is a milestone for Bajel Projects and a strong validation of our EPC capabilities in the high-voltage substation segment. A 400/220 kV substation of this scale in the Pune district is critical infrastructure that will strengthen Maharashtra's transmission network and support the region's growing industrial and urban power demand. This order reinforces our RAASTA 2030 strategy of expanding into high-value, high-complexity projects and deepens our partnership with one of India's most important state transmission utilities. Our team is fully committed to delivering this project with the highest standards of quality and safety. Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment. Bajel Projects reported a consolidated net loss of Rs 0.42 crore in Q3 FY26, compared with a net profit of Rs 1.46 crore posted in Q3 FY25. Revenue from operations declined 9.64% year-on-year to Rs 562.34 crore in the quarter ended 31 December 2025. Shares of Bajel Projects declined 3.68% to end at Rs 139.95 on the BSE. Powered by Capital Market - Live

Bajel Projects announced the signing of a collaboration agreement with National Investment and Infrastructure Fund (NIIF), a sovereign-linked alternative asset manager anchored by the Government of India and AnantGrid, a power transmission developer promoted by NIIF. The collaboration agreement proposes to participate in the opportunities of mutual interest in the power transmission sector in India, emanating from the Government of India's focus on renewable energy integration, grid modernization, and private sector participation. The framework aims to deliver high-quality and cost-efficient power transmission projects on time in India by combining: NIIF's investment and asset management capabilities AnantGrid's business development and project management capabilities, and Bajel's engineering and execution expertise.Powered by Capital Market - Live

Bajel Projects announced the signing of a landmark Joint Venture (JV) agreement with Al Sharif Contracting and Commercial Development Company (ASC). ASC is a part of Al Sharif Group Holdings and one of the leading EPC contractors & manufacturers. This partnership marks a significant milestone in Bajel's international expansion strategy, positioning the company to participate in the significant infrastructure transformation currently underway in the Kingdom of Saudi Arabia. The Joint Venture is built on a foundation of equal partnership, between Bajel Projects and Al Sharif Contracting and Commercial Development Company. The JV will be established specifically to undertake Engineering, Procurement, and Construction (EPC) business within Saudi Arabia, focusing on: High Voltage and Extra High Voltage (EHV) Infrastructure which also includes: Overhead Transmission Lines Substation Packages Underground Cabling Projects and more Commenting on the Joint Venture agreement, Rajesh Ganesh, MD & CEO, Bajel Projects, said: The signing of this Joint Venture agreement with Al Sharif Contracting and Commercial Development Company is a defining moment for Bajel Projects as we strategically expand our presence outside India. Saudi Arabia is currently witnessing an unprecedented infrastructure surge. This partnership enables us to bid for complex, extra high-voltage inter-regional corridors and substations that are vital to Saudi Vision 2030 and beyond. BAJEL is excited and looking forward to contributing to the grand vision of the Kingdom'. Powered by Capital Market - Live

According to an exchange filing, the proposed joint venture company (JVCo) will undertake engineering, procurement and construction (EPC) projects in high voltage (HV), extra high voltage (EHV) overhead transmission lines, substations and underground cabling in Saudi Arabia. The JVCo will execute projects based on successful bids. Bajel Projects will hold 50% of the equity share capital of the JVCo, while the remaining 50% will be held by Al-Sharif Contracting & Commercial Development Co. Ltd. The board of the JVCo will comprise an equal number of nominees from both partners. Post incorporation, the JVCo will be classified as an associate of Bajel Projects. Each partner will initially invest up to SAR 1 million (approximately $270,000) in cash towards equity capital. The proposed entity is yet to be incorporated, with formation expected within three to six months from the signing of the agreement. The name of the JVCo is currently under discussion. The company clarified that the investment does not fall under the purview of related party transactions. Apart from the proposed equity participation in the JVCo, the promoters and promoter group have no interest in the entity. The joint venture aims to capture emerging EPC opportunities in Saudi Arabia. This association will bolster the company's engineering capabilities, project management expertise and superior execution strength in the EPC segment. The partnership will further enhance the company's international presence in the EPC business ecosystem and support its strategic growth objectives, while enabling it to capture emerging business opportunities in the region of KSA. This is in line with the main business of the company. Rajesh Ganesh, MD & CEO, Bajel Projects, said, The signing of this joint venture agreement with Al Sharif Contracting and Commercial Development Company is a defining moment for Bajel Projects as we strategically expand our presence outside India. Saudi Arabia is currently witnessing an unprecedented infrastructure surge. This partnership enables us to bid for complex, extra-high-voltage inter-regional corridors and substations that are vital to Saudi Vision 2030 and beyond. BAJEL is excited and looking forward to contributing to the grand vision of the Kingdom '. Al Sharif Contracting CEO, Engineer Hussain N. Gardezi, said, 'We are happy to conclude the agreement. The resources of two big players will be pooled together for development of infrastructure of Kingdom of Saudi Arabia. This is the need of the hour in line with vision 2030 and beyond of Kingdom of Saudi Arabia. Kingdom of Saudi Arabia plans to build one of the most sustainable transmission networks to connect abundance renewable energy to the load centres. Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment. Bajel Projects reported a consolidated net loss of Rs 0.42 crore in Q3 FY26, compared with a net profit of Rs 1.46 crore posted in Q3 FY25. Revenue from operations declined 9.64% year-on-year to Rs 562.34 crore in the quarter ended 31 December 2025. Powered by Capital Market - Live

As per the company's classification, the value of an 'ultra mega' contract is Rs 400 crore and above. The order involves construction of the 765 kV Vindhyachal Pool'Prayagraj double-circuit transmission line (Part-II) under the Inter-regional (NR-WR) Transmission System Strengthening project. The high-capacity corridor is aimed at easing congestion on the existing 765 kV Vindhyachal'Varanasi line and improving power flow between the Northern and Western grids. Rajesh Ganesh, MD & CEO, Bajel Projects, said, 'Securing this Rs 400 crore+ Ultra Mega order is a definitive validation of our 'Quality of Earnings' strategy and our approach of winning the right, technically demanding contracts. The 765 kV Vindhyachal-Prayagraj line is a critical piece of the national grid puzzle, and our role in strengthening the NR-WR corridor speaks to our leadership in the high-voltage EPC domain.' This order further strengthens Bajel's robust order book and follows the successful commissioning of over 2,000 ckms of transmission lines during 2024-26. Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. Shares of Power Grid Corporation of India fell 1.33% to Rs 288.45 on the BSE.Powered by Capital Market - Live

Bajel Projects announced that it has been awarded an Ultra Mega domestic order valued at over Rs 400 crore. The project involves the development of high-capacity transmission infrastructure critical for the stability and efficiency of India's inter-regional power flow. The contract, designated as Transmission Line Package TL02, involves the construction of the 765 kV Vindhyachal Pool - Prayagraj D/c line (Part-II). This high-voltage corridor is a vital component of the Inter-regional (NR-WR) Transmission System strengthening initiative. It is specifically engineered to relieve the loading of the existing 765 kV Vindhyachal-Varanasi D/c line, ensuring a more resilient and balanced exchange of power between the Northern and Western Grids.Powered by Capital Market - Live

Bajel Projects announced it has been awarded a 'Large' order for the extension of the Mandsaur Pooling Station (PS). This order falls within the Large order band (valued between Rs 100 crore and Rs 200 crore), as per the Company's internal classification. This project is a critical component of India's strategy to augment transformation capacity for Renewable Energy (RE) interconnection. The contract, designated as 765kV AIS Extn. Substation Package SS 108T, involves the extension of the existing 765/400/220kV Mandsaur Pooling Station (PS). The project falls under the Augmentation of Transformation Capacity and Implementation of line bays at Mandsaur for RE interconnection and is being executed through the Tariff Based Competitive Bidding (TBCB) route. The Company at present is executing the transmission line of 260 route kms from Beawar to Mandsaur Pooling station traversing through Madhya Pradesh and Rajasthan. This win reinforces Bajel's role in high-voltage infrastructure, critical for integrating renewable energy into the national power grid. Powered by Capital Market - Live