Shares of Bajel Projects Ltd skyrocketed 10% on 24 July after the company announced securing an order from Power Grid Corporation of India Limited worth Rs. 586.28 crores. 

The company announced in an exchange filing that Power Grid Corporation of India Limited has awarded them a contract for supplying goods and services for and on behalf of Beawar-Mandsaur Transmission Limited, their project-specific SPV. 

The work scope encompasses the Transmission Line Package TL01 for the 765 kV D/c Beawar—Mandsaur PS Transmission Line—Part I. This is part of the “Transmission System for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5GW) (Jaisalmer/Barmer Complex) Part-D,” which is being developed through the Tariff-Based Competitive Bidding (TBCB) route.

Bajel Projects has built a solid reputation and a wide range of clients, including worldwide companies like Zambia Electricity Supply Corporation and Kenya Power & Lighting Company, as well as significant institutions like Power Grid Corporation of India Ltd.

Bajel Projects Ltd. is a well-known company that specialises in power distribution and transmission in the field of electrical infrastructure. Part of the Bajaj Group, it was established in 2022 as a separate legal entity from Bajaj Electricals Ltd.

At 2:23 pm, the shares of Bajel Projects were trading 6.80% higher at Rs 285.90 on NSE.

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