This power infrastructure firm, engaged in transmission and distribution projects, was in focus during the day’s trade following the announcement of a major EPC contract win from a leading government entity.
With a market capitalization of Rs. 2839 Crores, shares of Bajel Projects Limited opened at Rs.228 per equity share, from its previous day’s closing price of Rs. 233.90. The stock price touched the 5 percent Upper circuit after getting a major Order.
Bajel Projects Limited has secured a major order of upto Rs. 400 Crores from PowerGrid Corporation of India Limited (PGCIL) through its SPV, POWERGRID Siwani Transmission Limited.
The project involves the construction of a 400kV double-circuit transmission line spanning 99 km between Siwani and Jind, as part of the Renewable Energy Zone (REZ) Phase IV in the Bikaner Complex.
Awarded under the Tariff Based Competitive Bidding (TBCB) route, this project is expected to be completed in 18 months and will help transfer clean energy efficiently across northern India.
This mega order strengthens Bajel’s position in India’s power infrastructure sector and supports the country’s green energy goals. Known for its expertise in power transmission and project execution, Bajel’s involvement in this critical energy corridor is expected to boost its financial performance and order book.
Its major clients include Power Grid Corporation of India, Madhya Pradesh Power Transmission Company Ltd, Haryana Vidyut Prasaran Nigam Ltd, and Kenya Power and Lighting Company, reflecting the company’s strong presence in both domestic and international power transmission markets.
The company operates in the power infrastructure sector, focusing on transmission and distribution. It provides complete EPC(Engineering, Procurement, and Construction) solutions for high voltage lines and serves both government and private clients across India.
The company’s revenue from operations surged from Rs. 1,169 crores in FY24 reaching Rs. 2,598 crores in FY25, reflecting strong business growth. Net profit also rose from Rs. 4 crores to Rs. 15 crores, indicating better cost management and profitability. These figures highlight a solid improvement in both revenue and overall financial performance.
Bajel Projects Limited has a Return on Capital Employed (ROCE) 11.9 percent, indicating strong capital efficiency. The Return on Equity (ROE) stands at 2.69 percent. The Company’s Price to earnings ratio is 184 times the industry average is 58.9, showing a high market valuation.
Written by Sudeep Kumbar
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