Bajel Projects Secures Largest Transmission Order Worth ₹1,500 Crore
Bajel Projects Limited secured its largest transmission order worth ₹1,500 Crore for EPC work in Gujarat. The project involves constructing 270 km of 765 kV transmission lines and substation works. This Ultra-mega order, to be completed in 36 months, is a significant step towards India's renewable energy goals.
The order is the largest in the company's history and is valued at ₹1,500 Crore, representing a substantial new contract that will significantly impact the company's revenue and market position.
The announcement details a significant new order win, which is a positive development for the company's business prospects and revenue generation.
Bajel Projects Limited has announced securing its highest-ever transmission order worth ₹1,500 Crore for EPC work on a key transmission project in Gujarat from Lakadia A Power Transmission Limited.
The order encompasses 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 project is a critical component of India's renewable energy infrastructure, aimed at evacuating nearly 14 GW of renewable energy from the Lakadia, Jam Khambhaliya, and Jamnagar regions, supporting India's goal of achieving 500 GW of non-fossil fuel-based energy capacity by 2030.
The project is being executed through AnantGrid Projects One Private Limited (AGPOPL), a Special Purpose Vehicle (SPV) jointly owned by Bajel Projects Limited (26%) and the National Investment and Infrastructure Fund (NIIF) (74%). The combined value of the Letter of Awards (LOAs) qualifies as an Ultra-mega order as per the company's classification policy. The order has a time period of 36 months from the date of issuance of the Purchase Order and falls within related party transactions, having been done at arm's length with prior shareholder approval.
Mr. Rajesh Ganesh, Managing Director & CEO of Bajel Projects Limited, stated that this landmark project reflects the company's execution capabilities and technical expertise, and signifies a step towards strengthening India's transmission infrastructure for renewable energy integration. Bajel Projects, as part of the Bajaj Group, is a leading EPC and manufacturing solutions company in the Power Transmission and New Energies sectors.
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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.