Deals24 Jul 2024, 12:43 am
Bajel Projects Ltd Secures Contracts Worth Rs. 586.28 Crores from PowerGrid Corporation of India
AI Summary
Bajel Projects Ltd has been awarded supply of goods and services contracts by PowerGrid Corporation of India Limited (PGCIL) for their project specific SPV, M/s Beawar- Mandsaur Transmission Limited. The contracts, valued at approximately INR 586.28 Crs (excluding taxes), are for the Transmission Line Package TLO1 for 765 kV D/c Beawar — Mandsaur PS Transmission Line — Part, associated with the ‘Transmission System for evacuation of power from Rajasthan REZ Ph-IV (Part-2: 5.5GW) (Jaisalmer/ Barmer Complex) Part-D’ project. The completion period for these contracts is 23 months from the date of issuance of notification of award.
Key Highlights
- Bajel Projects Ltd has been awarded supply of goods and services contracts by PowerGrid Corporation of India Limited (PGCIL) worth approximately INR 586.28 Crs (excluding taxes).
- The contracts are for the Transmission Line Package TLO1 for 765 kV D/c Beawar — Mandsaur PS Transmission Line — Part, associated with the ‘Transmission System for evacuation of power from Rajasthan REZ Ph-IV (Part-2: 5.5GW) (Jaisalmer/ Barmer Complex) Part-D’ project.
- The contracts have a completion period of 23 months from the date of issuance of notification of award.
- The contracts were awarded through a Tariff Based Competitive Bidding (TBCB) route.
- None of the promoter/promoter group/group companies have any interest in the entity that awarded the order/contract.