Shares of Bajel Projects Ltd surged 3% in morning trade after the company announced a significant expansion at its Ranjangaon facility aimed at meeting rising domestic and global demand. As of 9:15 AM, the shares were trading 3.20% higher at Rs 246.90.
In a regulatory filing dated July 8, Bajel revealed plans to nearly triple its galvanisation capacity from 40,500 MT per annum to 110,000 MT per annum.
The ₹170 crore investment will be executed in phases, with the project expected to be completed between Q4 FY26 and Q4 FY27. The company will fund the expansion through a mix of internal accruals and debt.
Currently, Bajel is utilizing about 98% of its existing capacity. This expansion is driven by strong captive demand and growing opportunities in both Indian and export markets. The move highlights Bajel’s long-term growth strategy and its intent to strengthen its competitive position globally.
The development was confirmed by Ajay Nagle, Executive Director, Company Secretary, and Chief Compliance Officer of Bajel Projects Limited.
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