Stock Below Rs 200 Gains Over 2% After Winning Rs 600 Crore+ Transmission Order
Join Us
Follow Us
Bajel Projects stock gained nearly 2 per cent after the company secured a Rs 600 crore-plus ultra-mega order for a 765kV transmission project in Chhattisgarh.
✨ Key Takeaways
Bajel Projects came into focus on Wednesday, August 12, after its share price gained more than 2 per cent during the session. The stock moved higher after the company announced that it had secured an ultra-mega order.
The order was awarded under the Western Region-Eastern Region (WR-ER) Inter-Regional Network Expansion Scheme, Part A. The project is aimed at strengthening power evacuation capacity between the Western and Eastern regions of India's national grid.
Bajel Projects Wins Rs 600 Crore+ Transmission Order
Bajel Projects Ltd announced on August 12 that it had received the transmission line package TL05 under the WR-ER Inter-Regional Network Expansion Scheme.
The project involves the Construction of 765kV double-circuit transmission lines connecting Raigarh (Tamnar), Raigarh (Kotra) and Dharamjaygarh in Chhattisgarh.
The company categorised the order as an "ultra-mega" project under its internal order classification, which covers projects worth Rs 400 crore and above, including GST.
Bajel Projects Ltd Share Price Performance
Bajel Projects Ltd share price opened at Rs 191.99 on August 12, compared with the previous close of Rs 189.07. The stock gained momentum during the session and touched an Intraday high of Rs 198.
The stock's intraday high of Rs 198 marked a gain of around 4.7 per cent from the previous close, although some of those gains were pared by the end of the session. The stock ended the session Rs 3.70, or around 1.96 per cent, higher than its previous close.
About Bajel Projects Ltd
Bajel Projects Ltd is a Bajaj Group company focused on power infrastructure projects across India and international markets. The company operates primarily in Power Transmission and New Energies, with expertise in executing large-scale engineering, procurement and construction (EPC) projects.
The company was formerly part of the EPC business of Bajaj Electricals Ltd and became an independent listed entity following its demerger. Bajel Projects has since expanded its presence in the power infrastructure space, with a focus on transmission and distribution-related projects.
Disclaimer: The article is for informational purposes only and not investment advice.