Latest news with #RajeshGanesh
Business Upturn
10 hours ago
- Business
- Business Upturn
Bajel Projects shares jump 5% today after bagging substation order worth Rs 100-200 crore
Shares of Bajel Projects surged 5% to Rs 233.64 in Wednesday's early trade after the company announced securing a large order in the power transmission sector. The stock touched an intraday high of Rs 233.64 compared to its previous close of Rs 222.52 on the NSE. The company informed that it has bagged a substation order from a leading private sector player in the energy and power transmission space. As per Bajel Projects' classification, the contract size falls between Rs 100 crore and Rs 200 crore. The order involves two critical components: supply of all EHV equipment with necessary spares, tools, and auxiliaries for a 400kV GIS and 765kV AIS extension substation, and service work including erection, testing, commissioning (ETC), and civil works. The project is expected to be completed within 18 months from the notification of award. Rajesh Ganesh, MD & CEO of Bajel Projects, said, '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.' As of 9:16 AM, Bajel Projects had a market capitalization of Rs 27,010 crore, with a P/E ratio of 174.36. The stock has traded within a 52-week range of Rs 146.41 to Rs 330.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
10 hours ago
- 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.
Business Standard
11 hours ago
- Business
- Business Standard
Bajel Projects bags large order to establish substation
Bajel Projects has secured a large order from a leading private player in the energy and power transmission sector to establish substation. As per the companys classification, the value of a Large contract lies between Rs 100 crore to Rs 200 crore. The order encompasses two key components for the establishment a 400kV GIS & 765kV AIS extension substation, the first part of the order involves the supply of all the EHV equipment with mandatory spares, tools, tackles and auxiliaries and the second component covers the service orders for ETC (erection, testing and commissioning) and civil works of all the materials/equipment and auxiliaries. The order is expected to be completed within 18 months from the date of issuance of notification of award. Rajesh Ganesh, MD & CEO of Bajel Projects, stated, "We are extremely pleased to secure thislarge 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. 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. The companys net profit fell 31.82% to Rs 4.82 crore in Q4 FY25 as against Rs 7.07 crore posted in Q4 FY24. revenue from operations, surged 63.84% to Rs 801.43 crore in Q4 FY25 as against Rs 489.16 crore in the same period last year. The counter rallied 4.98% to settle at Rs 220.25 on the BSE.
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Business Standard
2 days ago
- 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.
Business Standard
2 days ago
- Business
- Business Standard
Bajel Projects hits the roof after securing 'ultra mega' order from Power Grid Corporation
Bajel Projects was locked in the upper circuit of 5% at Rs 209.80 after the company secured an ultra-mega order from PowerGrid Corporation of India through its special purpose vehicle MEL Power Transmission. As per the companys classification, the value of an ultra mega contract is Rs 400 crore and above. The contract covers the construction of a 400 kV double-circuit transmission line that stretches about 138 km. This line will connect Mahan to Rewa in Madhya Pradesh. Additionally, it includes extension work at the 400 kV Rewa substation. This project is part of the system to transport power from the Mahan Energen Limited Generating Station. Classified as an EPC (Engineering, Procurement, and Construction) project, the order must be completed within 29 months from the award date. Rajesh Ganesh, MD & CEO of Bajel Projects, said, We are incredibly proud to have secured this ultra-mega order from PowerGrid Corporation of India. This project reflects our robust capabilities in executing large and complex power transmission projects, contributing to Indias energy infrastructure growth. 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. The firm is a Maharatna 'company under the Ministry of Power, GoI. As of 31 March 2025, the Government of India owned a 51.34% stake in the company. Shares of Power Grid Corporation of India fell 1.33% to Rs 289.20 on the BSE.
