Bajel Projects Secures ₹1,500 Crore Ultra-Mega EPC Order for Transmission Project
Bajel Projects secured its largest transmission order, valued at ₹1,500 Crore, for an EPC project in Gujarat. The contract involves constructing 270 km of 765 kV double-circuit transmission lines and substation works, with a completion timeline of 36 months. This project supports India's renewable energy evacuation goals.
The order value of ₹1,500 Crore is substantial and represents the company's largest transmission order, which is expected to have a significant impact on its revenue and market position.
The company has secured a significant new order, which is the largest in its history, indicating positive business development and growth potential.
Bajel Projects Limited has announced that it has been awarded an Ultra-Mega EPC Order for Transmission Line & Substation by Lakadia A Power Transmission Limited. The order, valued at ₹1,500 Crores (including GST), is for constructing approximately 270 km of 765 kV double-circuit transmission lines from Halvad to Vadodara, Gujarat, along with additional works at the Halvad, Vadodara, and South Olpad substations.
This significant contract is for a period of 36 months from the date of issuance of the Purchase Order. The project is a critical component of the Common Transmission System for Evacuation of Power from Lakadia (Phase II), Jam Khambaliya (Phase II), and Jamnagar (Phase I), aiming to evacuate nearly 14 GW of renewable energy. This aligns with India's target of achieving 500 GW of non-fossil fuel-based energy capacity by 2030.
Bajel Projects Limited holds a 26% stake in AnantGrid Projects One Private Limited (AGPOPL), the special purpose vehicle that won the bid for this project, with the National Investment and Infrastructure Fund (NIIF) holding the remaining 74%. The company's Managing Director & CEO, Mr. Rajesh Ganesh, stated that this order, the largest in Bajel Projects' history, reflects their execution capabilities and trust from stakeholders, positioning them as both an EPC partner and a project developer.
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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.