Bajel Projects Secures Mega EPC Order for Transmission Line from PGCIL
Bajel Projects Limited received a mega EPC order for transmission line works from PowerGrid Corporation of India Limited. The contract is for constructing a 400 kV Transmission Line and is expected to be completed in 27 months. This order is not a related party transaction.
The order is classified as 'Mega Order' by the company and is for a substantial transmission line project, indicating a significant impact on the company's business and financials.
The company has secured a significant new order, which is generally positive for business growth and revenue prospects.
Bajel Projects Limited has announced that it has been awarded a 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, is for the construction of a 400 kV Transmission Line.
The project involves Transmission Line Package TL06 for LILO of Ranchi (New) - New PPSP 400kV D/C line at Jamshedpur (New). This includes two sections: i) Jamshedpur (New) to LILO section towards Ranchi (New) - 400kV D/C (Twin Moose), and ii) Jamshedpur (New) to LILO section towards New PPSP - 400kV D/C (Twin HTLS). The contract is to be executed through the Tariff Based Competitive Bidding (TBCB) route.
The EPC contract is classified as a "Mega Order" by the company, indicating a significant commercial consideration. The transmission line works are scheduled to be completed within 27 months from the date of issuance of the Notification of Award. Neither the promoter, promoter group, nor any group companies of Bajel Projects Limited have any interest in PowerGrid Corporation of India Limited, and the order does not fall under related party transactions.
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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.