Latest news with #BajelProjects'
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Business Standard
09-07-2025
- Business
- Business Standard
Bajel Projects hits 5% upper circuit; what is driving investors' interest?
Bajel Projects share price hit 5 per cent upper circuit at ₹252.35 per share on Wednesday. At 9:55 AM, Bajel Projects shares were locked in the 5 per cent upper band at ₹252.35 per share on the BSE. In comparison, the BSE Sensex was down 0.14 per cent at 83,598.29. The company's market capitalisation stood at ₹2,917.23 crore. Its 52-week high was at ₹313.35 per share and the 52-week low was at ₹145.2 per share. Why were Bajel Projects' shares in demand? The northward movement in stock came after the company proposed to increase its galvanization capacity to 1.1 lakh MTPA from the current 40,500 MTPA, with an investment of Rs 170 crore at its Ranjangaon facility. "We would like to inform the exchanges about the proposed capacity addition being undertaken at the Ranjangaon facility of the company," the filing read. The expansion is aimed at meeting captive demand and boosting sales in both domestic and international markets. The capacity will be added in a period from Q4 FY26 to Q4 FY27 in phases. That apart, the company recently secured a 'mega' order from PowerGrid Corp, valued between ₹300-₹400 crore. The order fell under the Transmission Line Package TL04 for the Siwani–Jind (PG) 400kV double circuit (quad) transmission line, part of the REZ Phase IV (6GW) Bikaner Complex. The contract involved the construction of a 99-kilometre transmission line and was awarded through the tariff-based competitive bidding route. The project is expected to be completed within 18 months and is placed by PGCIL on behalf of its special purpose vehicle, Power Grid Siwani Transmission Ltd. Last week, the company said it had secured a 'Large' order for a substation project in India. The project involves the development of a 400kV GIS and a 765kV AIS extension substation. About Bajel Projects Bajel Projects (Bajel) is among the prominent players in the power infrastructure space, with a strong foothold in both the Power Transmission and Power Distribution sectors. Formerly operating as part of Bajaj Electricals Limited under its EPC division, the company is widely recognised for its robust project management capabilities and operational excellence, earning it the trust of numerous state and national utilities, international clients, and private infrastructure developers.
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Business Standard
25-06-2025
- Business
- Business Standard
Here's why Bajel Projects share price hit 5% upper limit today; details
Bajel Projects share price today: Power transmission and infrastructure company Bajel Projects shares were in demand on Wednesday, June 25, 2025, with the stock locking in the 5 per cent upper circuit at ₹231.25 per share. At 9:45 AM, Bajel Projects shares continued to remain locked in the 5 per cent upper limit at ₹231.25 per share. In comparison, BSE Sensex was trading 0.62 per cent higher at 82,567.50 levels. Why did Bajel Projects share price hit 5 per cent upper limit today? Bajel Projects' share price surged after the company announced it had secured a 'Large' order for a substation project in India. Classified under the 'Large' order category—valued between ₹100 crore and ₹200 crore, according to the company's internal criteria—the project involves the development of a 400kV GIS and a 765kV AIS extension substation. The scope of work includes the supply of all extra high voltage (EHV) equipment, along with mandatory spares, tools, tackles, and auxiliaries. Additionally, the order covers services for erection, testing and commissioning (ETC), as well as civil works related to all supplied materials and equipment. "We are extremely pleased to secure this large order from a prominent private player in the energy and power transmission sector. This project underscores our robust capabilities in delivering large‐scale substation infrastructure. It reflects the trust our clients place in our expertise and commitment to quality,' said Rajesh Ganesh, MD & CEO of Bajel Projects. About Bajel Projects Bajel Projects (Bajel) is among the prominent players in the power infrastructure space, with a strong foothold in both the Power Transmission and Power Distribution sectors. Formerly operating as part of Bajaj Electricals Limited under its EPC division, the company is widely recognised for its robust project management capabilities and operational excellence, earning it the trust of numerous state and national utilities, international clients, and private infrastructure developers. The market capitalisation of Bajel Projects is ₹2,673.31 crore, according to BSE. The company falls under the BSE SmallCap category. The 52-week high of Bajel Projects is ₹330, while its 52-week low is ₹145.20 per share.
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Business Standard
23-06-2025
- Business
- Business Standard
Why is Bajel Projects' share price locked in 5% upper limit today? Details
Bajel Projects share price today: Bajel Projects shares were buzzing in trade in an overall weak market on Monday, June 23, 2025, with the stock rallying hitting the 5 per cent upper circuit at ₹209.80 per share. At 10:00 AM, BajeL Projects share price remained locked in the 5 per cent upper limit at ₹209.80 per share. In comparison, BSE Sensex was trading 1.08 per cent lower at 81,563.12 levels. What triggered the up move in Bajel Projects share price today? Bajel Projects' share price surged today after the company announced it had secured a major engineering, procurement, and construction (EPC) order from Power Grid Corporation of India Limited (PGCIL). The contract, categorised as an 'Ultra Mega' order—valued at ₹400 crore or more—is a major boost for the company's project pipeline. As part of the award, Bajel Projects will be responsible for Transmission Line Package TL01. This includes the construction of a 400 kV double-circuit transmission line from the existing Mahan bus to Rewa PS (PG), using Quad ACSR/AAAC/AL59 'Moose'-equivalent conductors. The scope also covers the extension of the 400 kV Rewa (PG) substation. This project is part of the transmission system required for evacuating power from Mahan Energen Limited's generating station in Madhya Pradesh. The entire project is expected to be completed within 29 months from the date the Notification of Award is issued. 'We are incredibly proud to have secured this ultra-mega order from PowerGrid Corporation of India Limited. This project reflects our robust capabilities in executing large and complex power transmission projects contributing to India's energy infrastructure growth,' said Rajesh Ganesh, MD & CEO of Bajel Projects. About Bajel Projects Bajel Projects is among the prominent players in the power infrastructure space, with a strong footprint in both power transmission and distribution. Formerly the EPC division of Bajaj Electricals Limited, Bajel Projects is recognised for its project management expertise and operational excellence, making it a trusted partner for state utilities, national and international power companies, and private infrastructure developers. The market capitalisation of Bajel Projects is ₹2,425.34 crore, according to BSE. The company falls under the BSE SmallCap index. The 52-week high of Bajel Projects share price is ₹330, while its 52-week low is ₹145.20.
