Bajel Projects Bags Ultra Mega EPC Order for Transmission Line from PGCIL
Bajel Projects secured an Ultra-Mega EPC order from PGCIL for Transmission Line works. The contract involves constructing a 765 kV Transmission Line from Raigarh to Jamshedpur. The project has a completion timeline of 33 months from the award date.
The order is classified as 'Ultra Mega,' indicating a substantial value and a significant impact on the company's order book and future revenue.
The company has secured a significant new order, which is positive for its business prospects and revenue generation.
Bajel Projects Limited has announced the bagging of an Ultra-Mega EPC order for Transmission Line works from PowerGrid Corporation of India Limited (PGCIL). The order, placed on behalf of their SPV M/s WR ER Part A Power Transmission Limited, pertains to the construction of the 765 kV Transmission Line from Raigarh (Tamnar) – Jamshedpur (New) Part - II.
This significant contract is part of the WR-ER Inter-Regional Network Expansion Scheme - Part A under the TBCB route. The order is considered an "Ultra Mega Order" by the company, signifying its substantial value, with the classification of "Ultra -Mega Orders" being for Rs. 400 Crore and above. The EPC contract for these Transmission Line works is to be completed within 33 months from the date of issuance of the Notification of Award.
Bajel Projects Limited has confirmed that neither its promoter, promoter group, nor any group companies have any interest in PGCIL, and the order does not fall within the purview of related party transactions. The company has submitted this disclosure in compliance with Regulation 30 of the SEBI Listing Regulations.
What to do with a filing like this
Bajel Projects Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Bajel Projects Limited. Read the original for the full detail.