Upper Circuit Alert & Rs 2,984 Crore Order Book: Transmission Company Announces Rs 170 Crore Expansion Plan
DSIJ Intelligence-2 / 09 Jul 2025/ Categories: Mindshare, Trending
The stock has declined 8 per cent year-to-date and is down 18.97 per cent over the past 12 months.
Bajel Projects Limited shares were locked in the 5 per cent upper circuit at Rs 251.20 on July 9, 2025, after the company unveiled a major capacity expansion plan worth Rs 170 crore. The expansion aims to increase the company’s galvanisation capacity from 40,500 MT per annum to 1,10,000 MT per annum at its Ranjangaon facility. The expansion, to be completed in phases, is expected to conclude by the fourth quarter of FY27 and will be funded through internal accruals and/or debt.
The current capacity utilisation at the plant stands at 98 per cent. The increased capacity is expected to meet rising domestic and international demand, including captive requirements. Bajel Projects, a prominent player in the power infrastructure segment, was formerly part of Bajaj Electricals Limited and continues to serve clients in the Power Transmission and Distribution sectors.
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The announcement came on a day when Indian equity benchmarks remained range-bound. As of 12:42 pm IST, the BSE Sensex was up 50 points at 83,768, while the Nifty50 edged higher by 3 points to 25,527. Investor sentiment remained subdued due to geopolitical concerns, with reports indicating that U.S. President Donald Trump might announce new tariff revisions targeting seven countries.
In terms of financials, Bajel Projects posted revenue from operations of Rs 801.43 crore in the March 2025 quarter, marking a 63.84 per cent increase year-on-year. However, profit after tax fell 31.79 per cent to Rs 4.82 crore. For the full year FY25, revenue surged 122.22 per cent to Rs 2,598.24 crore, while net profit rose 260.75 per cent to Rs 15.46 crore. These strong top-line numbers reflect growing demand and the company’s expanding project pipeline.
Despite recent gains, Bajel Projects' stock has declined 8 per cent year-to-date and is down 18.97 per cent over the past 12 months. However, the stock has delivered a return of 64.08 per cent in the last three months, reflecting investor optimism after strong Quarterly Results and capacity expansion announcements. Investors are also watching for any future corporate actions like bonus, right issue, or dividend that could further impact sentiment.
Disclaimer: The article is for informational purposes only and not investment advice.