Bajel Projects Secures ₹200+ Crore EPC Order for Mumbai's 400 kV GIS Infrastructure
Bajel Projects secured a ₹200+ Crore EPC order from Tata Power for 400 kV GIS substations in Mumbai. The project includes EPC works and civil construction, with an 18-month completion timeline. This order strengthens Bajel's position in the power transmission sector.
The order value of ₹200+ Crore is substantial and classified as a 'Major Order' by the company, indicating a significant impact on its business and order book.
The company has announced securing a significant new order, which is a positive development for its business and future revenue.
Bajel Projects Limited has announced the bagging of a major EPC order worth approximately ₹200+ Crore from The Tata Power Company Limited. The order is for the Engineering, Procurement, and Construction (EPC) of 400 kV Gas Insulated Substations (GIS) at Dharavi and Ghatkopar in Mumbai.
The project encompasses EPC works for 400 kV GIS Receiving Substations (RSS), including associated electrical systems, substation automation, communication infrastructure, Balance of Plant equipment, and civil works. The estimated time period for the project is 18 months from the date of issuance of the Purchase Order.
Mr. Rajesh Ganesh, Managing Director & CEO of Bajel Projects Limited, stated that these projects will contribute to strengthening Mumbai's grid network through advanced GIS technology and support the city's long-term energy requirements. This order further enhances Bajel's order book and its position in the power transmission and distribution sector.
The company's policy categorizes this project win, inclusive of GST, as a 'Major Order' (₹200 Cr to ₹300 Cr). The order is not a related party transaction and is in the ordinary course of business.
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.