FII Increases Stake; EPC Company Secures Rs 400 Crore Ultra-Mega 500 kV International Transmission Line Order, Share Price Jumps 6% on Wednesday

The Indian equity markets traded on a strong note on Wednesday, with the Nifty 50 index rising by 310.35 points or 1.29 per cent to 24,306.05 during the session. Amid broad-based buying in infrastructure and capital goods counters, stock-specific momentum was visible in select EPC and transmission companies. In this segment, Bajel Projects' share price surged 6.14 per cent to Rs 192.50 after the company announced securing an Ultra-Mega international EPC order for the Construction of a 500 kV overhead transmission line in the Middle East and North Africa region.

Bajel Projects Secures Ultra-Mega International Transmission Order

Bajel Projects Limited informed the exchanges that it has secured two international orders cumulatively falling under the Ultra-Mega category from a Middle East and North Africa-based international client. As per the company’s order classification policy, Ultra-Mega orders refer to projects valued at Rs 400 crore and above.

The scope of work includes the construction of two contiguous sections of a 500 kV overhead transmission line under Lot 1 and Lot 5. The company stated that the project forms part of a flagship national grid reinforcement programme aimed at strengthening high-voltage transmission infrastructure in the MENA region. The execution timeline for the project is 11 months from the commencement date.

Bajel Projects Shareholding Pattern

As per the March 2026 shareholding pattern, promoter holding in the company stood stable at 62.53 per cent, unchanged from the December 2025 quarter.

Foreign Institutional Investors increased their holding to 0.50 per cent in March 2026 from 0.40 per cent in the previous quarter. Domestic Institutional Investors also increased their stake to 9.58 per cent from 9.06 per cent sequentially, while public shareholding declined to 27.39 per cent from 28.01 per cent.

The total number of shareholders stood at 83,533 as of March 2026 compared to 83,991 in the December 2025 quarter.

Management Commentary

Rajesh Ganesh, Managing Director & CEO of Bajel Projects Limited, said, “Winning these orders is a defining moment for Bajel Projects. Being entrusted with a 500 kV transmission corridor in the MENA region reflects the global confidence in our engineering capability, project execution rigour, and ability to deliver complex high-voltage infrastructure in international markets.”

About Bajel Projects

Bajel Projects Ltd is a leading engineering, procurement and construction company focused on power transmission and power distribution infrastructure. Formerly part of Bajaj Electricals’ EPC segment, the company undertakes turnkey substation projects, transmission lines, monopoles and international grid infrastructure assignments across domestic as well as overseas markets.

The company is backed by the Bajaj Group legacy and has developed a strong execution track record in high-voltage power evacuation systems, utility infrastructure and cross-border transmission projects, making it a preferred EPC partner for state utilities, central utilities and private infrastructure developers.

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Disclaimer: This article is for informational purposes only and not investment advice.