Bajel Projects shares jumped more than 7% in morning trade after the company received an order for the design and construction of a 220KV Gas Insulated Substation (GIS) and transmission line extension work from a private sector client.
The project, which will be carried out for a colocation data centre in Navi Mumbai, will be Bajel’s entry into the rapidly growing Indian data centre market.
The scope of work involves building the GIS substation and expanding the transmission line, using Bajel’s Engineering, Procurement, and Construction (EPC) expertise. This development demonstrates the company’s strategic focus on the growing data centre sector, which is being driven by India’s increasing need for data storage and processing capabilities.
As of 10:00 am, Bajel Projects shares were trading 5.98% higher at Rs 270.30 on the NSE.
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