Stock Below Rs 200: This Multibagger Power Transmission Company Wins Lakadia Part A Transmission Project; Share Price Jumps 5%
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AnantGrid Projects One Private Limited, an associate of Bajel Projects, has received a Letter of Intent from PFC Consulting Limited after emerging as the successful bidder for the Lakadia Part A Inter-State Transmission Project under the Tariff Based Competitive Bidding route.
✨ Key Takeaways
On Friday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 0.11 per centto 24,259.60. Amid the market movement, Bajel Projects share price jumps 4.68 per cent to Rs 189.04 after the company announced that AnantGrid Projects One Private Limited, an associate of Bajel Projects, had been declared the successful bidder for the Lakadia Part A Inter-State Transmission Project under the Tariff Based Competitive Bidding route.
Bajel Projects Associate Wins Lakadia Part A Transmission Project
AnantGrid Projects One Private Limited (AGPOPL), an associate of Bajel Projects Limited, has received a Letter of Intent (LoI) from PFC Consulting Limited declaring it the successful bidder for an Inter-State transmission scheme covering the Common Transmission System for evacuation of power from Lakadia Phase II, Jam Khambhaliya Phase II and Jamnagar Phase I, Part A.
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Download Service BrochureAGPOPL emerged as the L1 bidder following the e-reverse auction conducted on August 6 and August 7, 2026, under the Tariff Based Competitive Bidding route. The filing does not disclose the monetary value of the project.
Project to Include 270 Km of 765 KV Transmission Lines
The project includes the Construction of approximately 270 kilometres of 765 KV double-circuit transmission lines from Halvad to Vadodara in Gujarat. In addition to the transmission lines, the project includes additional works at three substations located at Halvad, Vadodara and South Olpad.
The project forms part of the broader Inter-State transmission scheme for evacuation of power from Lakadia Phase II with a capacity of 7.5 GW, Jam Khambhaliya Phase II with a capacity of 5.5 GW and Jamnagar Phase I with a capacity of 1 GW.
Bajel Projects and NIIF Collaboration
AGPOPL is jointly owned by Bajel Projects Limited and National Investment and Infrastructure Fund (NIIF), with Bajel Projects holding a 26 per cent stake and NIIF holding the remaining 74 per cent stake.
In March 2026, NIIF, Bajel Projects and AnantGrid Private Limited entered into a collaboration agreement to jointly pursue power transmission opportunities of mutual interest in India through the Tariff Based Competitive Bidding route. The collaboration brings together NIIF's investment and asset management capabilities, AnantGrid's project development and management expertise and Bajel Projects' engineering, procurement and construction capabilities.
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The collaboration is aimed at delivering transmission infrastructure in support of India's target of 500 GW of renewable energy capacity by 2030.
About Bajel Projects
Bajel Projects Limited operates in the power infrastructure sector, with a domestic and international presence across Power Transmission and New Energies, formerly Power Distribution. The company is part of the Bajaj Group and was formerly part of Bajaj Electricals Limited under its EPC segment.
The company focuses on project management and operations in the power infrastructure segment and works with state, national and international utilities as well as private infrastructure players.
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Disclaimer: The article is for informational purposes only and not investment advice.