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.
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