Bajel Projects Ltd

Bajel Projects has received an order from Mumbai-based data center client for design, engineering, procurement, supply, erection, testing, commissioning and performance testing of 400/220/33 KV GIS Substation for data center. According to the company's project classification, the value of the order is between Rs 300-400 crore.

The contract has been awarded by a domestic entity and qualifies as a Mega Order as per the company's classification policy (Rs 300 cr to Rs 400 cr). The scope of work comprises EPC execution of the said substation, with an execution period of 24 months from the commencement date. The promoter/promoter group/group companies do not have any interest in the awarding entity, and the transaction does not fall under related party transactions and is being undertaken at arm's length basis. 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. Powered by Capital Market - Live

Bajel Projects announced that the 4th Annual General Meeting(AGM) of the company will be held on 7 August 2026.

Bajel Projects announced that the Board of Directors of the Company at its meeting held on 27 May 2026, inter alia, have recommended the final dividend of Rs 0.6 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

Net profit of Bajel Projects rose 193.36% to Rs 14.14 crore in the quarter ended March 2026 as against Rs 4.82 crore during the previous quarter ended March 2025. Sales rose 26.03% to Rs 995.26 crore in the quarter ended March 2026 as against Rs 789.73 crore during the previous quarter ended March 2025. For the full year,net profit rose 31.18% to Rs 20.28 crore in the year ended March 2026 as against Rs 15.46 crore during the previous year ended March 2025. Sales rose 7.65% to Rs 2758.57 crore in the year ended March 2026 as against Rs 2562.61 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales995.26789.73 26 2758.572562.61 8 OPM %3.072.62 -3.302.31 - PBDT23.0210.39 122 54.5936.66 49 PBT16.986.33 168 34.9023.97 46 NP14.144.82 193 20.2815.46 31 Powered by Capital Market - Live

Bajel Projects will hold a meeting of the Board of Directors of the Company on 27 May 2026.

Bajel Projects announced that it has bagged an order for the Bellary-Davanagere transmission line Package TL01 comprising 2nd 400kV (Quad) D/c transmission line. According to the company's project classification, the value of the order ranges between Rs 200 crore to Rs 300 crore. The order forms part of the larger transmission system strengthening initiative for the integration of additional renewable energy potential of 0.25 GW at Davanagere and 2.75 GW at Bellary ' a critical link in evacuating renewable power into the national grid. The project involves construction of a ~70 kms 400kV (Quad) D/c transmission line connecting Bellary Substation to Davanagere Substation.

According to the company's internal classification, the order falls in the Rs 200'Rs 300 crore 'major orders category. The project involves construction of a 400kV (Quad) double-circuit transmission line under the TL-01 package of the Bellary'Davanagere 2nd 400kV line scheme. It is part of a renewable energy evacuation system aimed at integrating 0.25 GW at Davanagere and 2.75 GW at Bellary into the national grid, with a line length of around 70 km connecting the Bellary Substation to the Davanagere Substation. Bajel Projects said the project will be executed within 21 months from the date of issuance of the notification of award. The contract is a domestic EPC order, and the company confirmed that neither the promoter, promoter group, nor group companies have any interest in the awarding entity. Meanwhile, the company has also secured a major order for the 765kV AIS Substation Package from Maharashtra under Power Grid Corporation of India (PGCIL) through its SPV, NES Pune East New Transmission. The project involves the construction of a new 765kV AIS substation at Pune East, along with bay extension works at Karjat and Lonikand-II substations. The project is scheduled to be executed within 21 months from the date of issuance of the Notification of Award. 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.Powered by Capital Market - Live

Bajel Projects announced that it has bagged an order for the 765kV AIS New Substation Package in Maharashtra which reinforces Bajel's credentials into the 765kV substation class. According to the company's project classification, the value of the order ranges between Rs 200 crore to Rs 300 crore. The order forms part of the Network Expansion Scheme in Maharashtra for removal of Transmission constraints in Pune Region-I (765/400 kV AIS Pune East) ' a critical grid reinforcement initiative aimed at strengthening one of India's most industrially significant load centres. The project involves the establishment of a new 765/400kV AIS Substation at Pune East, along with the extension of the existing 400kV Karjat (AIS) and 400kV Lonikand-II (AIS) Substations in Maharashtra.

According to the company's internal classification, the order falls in the Rs 200'Rs 300 crore 'major orders category. The project involves construction of a 400kV (Quad) double-circuit transmission line under the TL-01 package of the Bellary'Davanagere 2nd 400kV line scheme. It is part of a renewable energy evacuation system aimed at integrating 0.25 GW at Davanagere and 2.75 GW at Bellary into the national grid, with a line length of around 70 km connecting the Bellary Substation to the Davanagere Substation. Bajel Projects said the project will be executed within 21 months from the date of issuance of the notification of award. The contract is a domestic EPC order, and the company confirmed that neither the promoter, promoter group, nor group companies have any interest in the awarding entity. Rajesh Ganesh, Managing Director & CEO, Bajel Projects Limited, said, This major order win is a strong endorsement of Bajel's execution credentials in high-voltage transmission and our continued alignment with India's energy transition priorities. The Bellary'Davanagere corridor is a central transmission system for evacuation of renewable power from critical solar and wind zones in Karnataka. With every such order, Bajel reinforces its commitment to building the transmission infrastructure that will power a greener, more reliable India to the highest standards of safety and quality. 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. Shares of Bajel Projects (BPL) rose 2.12% to close at Rs 171.15 on the BSE.Powered by Capital Market - Live