Bajel Projects Secures Ultra Mega EPC Order for Transmission Line from PGCIL

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 was placed on behalf of their SPV, M/s WR ER Part A Power Transmission Limited.

This EPC Contract is for Transmission Line Package TL05, which includes several key components such as bypassing of Raigarh (Tamnar) - Dharamjaygarh (Sec -B) 765kV D/C line and Raigarh(Kotra) – Raigarh (Tamnar) 765kV D/c line at Raigarh (Tamnar) S/s to form Raigarh (Kotra) – Dharamjaygarh (Sec-B) 765kV D/c line. It also involves the LILO of Dharamjaygarh (Sec-B) – Jharsuguda (Sec -A) 765kV D/c line at Raigarh (Kotra) -II S/s and the Raigarh (Tamnar) - Raigarh(Kotra) -II S/s 765kV D/c line. These works are associated with the WR -ER Inter -Regional Network Expansion Scheme- Part A under the TBCB route.

The order is considered an Ultra Mega Order, and the company has classified it under its significant orders category. The commercial consideration for this order is not explicitly stated in monetary terms but is described as an 'Ultra Mega Order' for the construction of 765 kV Transmission Line. The time period associated with the order is 33 months from the date of issuance of the Notification of Award.

Bajel Projects Limited has confirmed that neither the promoter, promoter group, nor any group companies have any interest in PGCIL or its SPV, and the order does not fall within the purview of related party transactions. The company has submitted this disclosure as per Regulation 30 of the SEBI Listing Regulations.