Shares of Bajel Projects Limited surged sharply by over 7% in early afternoon trade on April 29, 2026, after the company announced a major international order win in the Middle East and North Africa (MENA) region.
The stock touched an intraday high of ₹201.73, compared to its previous close of ₹181.37, reflecting strong investor optimism following the announcement. The day’s low stood at ₹178.05, while trading volumes crossed 10,06,031 shares, as of 12:10 PM, indicating heightened market activity.
Key Trigger: Rs 400+ Crore Ultra-Mega Orders
Bajel Projects revealed that it has secured ultra-mega contracts exceeding ₹400 crore for the construction of 500 kV overhead transmission lines in the MENA region. These projects are part of a large-scale national grid reinforcement programme aimed at strengthening high-voltage infrastructure to support rising industrial and economic demand.
The scope includes the development of two contiguous sections of 500 kV transmission corridors, with execution expected to be completed within 11 months from the project’s commencement.
Management Commentary
Rajesh Ganesh, Managing Director & CEO of Bajel Projects, described the order win as a “defining moment” for the company. He highlighted that securing such a critical international project reflects strong global confidence in Bajel’s engineering expertise, execution capabilities, and ability to deliver complex high-voltage infrastructure projects.