Latest news with #TransmissionLinePackageTL01
Business Standard
6 hours ago
- Automotive
- Business Standard
Bajel Projects secures transmission project from Power Grid
Bajel Projects announced it has secured a noteworthy order from PowerGrid Corporation of India (PGCIL) on behalf of their Special Purpose Vehicle (SPV) M/s MEL POWER TRANSMISSION. This win falls within the ultra-mega band*(Rs. 400 crore and above), underscoring Bajel Projects' growing prominence and expertise in large-scale infrastructure development. The comprehensive order from PGCIL encompasses' critical components for enhancing India's transmission capabilities, specifically for the Transmission Line Package TL01. The scope of work includes: Construction of a new 400kV D/c Transmission Line stretching approximately 138 kilometers, connecting Mahan (Existing Bus) Rewa PS (PG) using Quad ACSR/AAAC/AL59 moose Equivalent conductors. Extension of 400kV Substation Bay works at the Rewa (PG) associated with the Transmission System for the evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh.
Mint
9 hours ago
- Business
- Mint
Small-cap stock hits upper circuit, bagging Mega Power Transmission Order
Stock Market Today: Small-cap stock gained 5% to hit the upper circuit during the intraday trades on Monday after having bagged the Mega Power Transmission Order. Bajel Projects, over the weekend on 21 June, announced having secured Ultra Mega* EPC, or engineering, procurement, and construction orders of transmission lines. Ultra-mega orders, as per the company's classification, are orders worth more than ₹ 400 crore. As per the release by Bajel Projects on the National Stock Exchange of India and also on the BSE, or the Bombay Stock Exchange, they announced having secured an order from Power Grid Corporation of India Limited (PGCIL). The order has been placed on behalf of their special projects vehicle, or the SPV, 'M/s MEL POWER TRANSMISSION LIMITED,' as per the Bajel Projects press release. Bajel Projects is a BAJAJ GROUP company and in the engineering, procurement, and construction business, with a strong presence in the power transmission and distribution sectors. Small-cap stock Bajel Projects said that the broad consideration of the order is for 1. Construction of 400 kV New Transmission Line—138 km. 2. 400 kV substation bay extension works at Rewa Substation. The work involves the Transmission Line Package TL01 for (i) Mahan (Existing Bus) - Rewa PS (PG) 400 kV D/c Quad ACSR/AAAC/AL59 Moose Equivalent line and (ii) Extension of 400 kV Rewa (PG) associated with the transmission system for evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh. The domestic EPC contract for power transmission line & substation bay extension works is to be completed by Bajel Projects in 29 months from the date of issuance of the Notification of Award. Bajel Projects share price opened at ₹ 209.80, and at the time of opening, it was 5% higher than the previous day's closing price. The small-cap stock Bajel Projects thereafter continued trading at the same levels, as ₹ 209.80 was the upper price band for the stock. Thus, Bajel Projects share price was locked in the upper circuit on Monday during the intraday trades. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
13 hours ago
- Business
- Business Upturn
Bajel Projects share hits 5% upper circuit after securing order worth over Rs 400 crore from PowerGrid
By Aman Shukla Published on June 23, 2025, 09:15 IST Bajel Projects Ltd. shares hit the 5% upper circuit in Monday morning trade after the company announced a significant order win from PowerGrid Corporation of India Limited (PGCIL), through its SPV, MEL Power Transmission Limited. The order, valued above ₹400 crore, falls under the 'ultra-mega' category, highlighting Bajel Projects' rising prominence in India's power infrastructure space. The project is part of PGCIL's Transmission Line Package TL01, aimed at enhancing the country's power transmission network. The scope includes construction of a 400kV double circuit transmission line spanning approximately 138 kilometers, connecting Mahan to Rewa Power Station in Madhya Pradesh. The project will use high-capacity Quad ACSR/AAAC/AL59 Moose equivalent conductors. Additionally, Bajel will execute 400kV substation bay extension work at Rewa (PG) to aid power evacuation from the Mahan Energen Limited Generating Station. This critical infrastructure project is scheduled for completion within 29 months. The development not only reinforces Bajel's capabilities in executing large-scale projects but also strengthens its association with PGCIL, India's leading transmission utility. 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 Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
