Bajel Projects Ltd

Bajel Projects Limited has secured a Major EPC Order worth approximately ₹200+ Crore from a private client for the Engineering, Procurement, and Construction (EPC) of 400 kV Gas Insulated Substations (GIS) at Dharavi and Ghatkopar in Mumbai. The project, which includes associated electrical systems, substation automation, communication infrastructure, Balance of Plant equipment, and civil works, is expected to be completed within 18 months from the Purchase Order issuance. This order, classified as a 'Major Order' by the company (inclusive of GST), reinforces Bajel's position in critical transmission infrastructure development and strengthens its order book. The company confirmed that neither its promoters nor group companies have any interest in the awarding entity, and the transaction is not a related party transaction.

Bajel Projects Limited has secured its highest-ever EPC order worth ₹1,500 Crore (including GST) for Transmission Line & Substation from Lakadia A Power Transmission Limited. The project involves constructing approximately 270 km of 765 kV double-circuit transmission lines from Halvad to Vadodara, Gujarat, along with additional works at substations. This order, classified as 'Ultra-mega', is crucial for strengthening India's renewable energy transmission corridor and is part of a wider system to evacuate 14 GW of renewable power. The project has a completion timeline of 36 months. Bajel Projects will also act as a project developer in this venture, a joint initiative with the National Investment and Infrastructure Fund (NIIF).

Bajel Projects Limited has secured an Ultra-Mega EPC Order for Transmission Line & Substation from Lakadia A Power Transmission Limited. The order, valued at ₹1,500 Crore (including GST), involves constructing approximately 270 km of 765 kV double-circuit transmission lines and additional substation works. This is the largest transmission order in Bajel Projects' history and is crucial for evacuating renewable power in Gujarat. The project is expected to be completed within 36 months. The transaction falls within related party transactions and has been conducted at arm's length with prior shareholder approval.

Bajel Projects Limited has secured a Major EPC order worth approximately ₹200+ Crore from The Tata Power Company Limited for the Engineering, Procurement, and Construction (EPC) of 400 kV GIS Substations at Dharavi and Ghatkopar in Mumbai. The project includes associated electrical systems, substation automation, communication infrastructure, Balance of Plant equipment, and civil works. The contract has a duration of 18 months from the Purchase Order issuance. This order strengthens Bajel's order book and reinforces its position in developing critical transmission infrastructure. The transaction is not a related party transaction and none of the promoters have any interest in the awarding entity.

Bajel Projects Limited has secured a major EPC order worth over INR 200 Crore for the supply and installation of 220kV Gas Insulated Switchgear (GIS) substations at Salsette and Powai in Mumbai. The order includes Package A for the Salsette receiving station and Package B for an outdoor GIS substation at Powai. This win is classified as a 'Major' order by the company. The use of GIS technology is highlighted as crucial for Mumbai's dense urban environment due to its space efficiency and reliability, addressing the city's growing power demands. The company's management expressed pride in contributing to Mumbai's power infrastructure and confidence in their execution capabilities.

Bajel Projects Ltd has announced the bagging of a Major EPC Order for a GIS Substation from The Tata Power Company Limited. The order involves the supply and installation of a 220 kV GIS Substation at Salsette and Powai, Mumbai. This contract is considered within the ordinary course of business and is not a related party transaction. The project has a time period of 18 months from the issuance of the Purchase Order. None of the promoters or promoter group companies have any interest in the awarding entity.

Bajel Projects Limited has announced the closure of its trading window for designated persons, their immediate relatives, and connected persons. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from October 1, 2026, until 48 hours after the announcement of the company's unaudited financial results for the second quarter and half-year ended September 30, 2026. The specific date for the board meeting to declare these results will be communicated later.

Bajel Projects Ltd announced the retirement of Mr. Ajay Suresh Nagle, Executive Director, effective August 31, 2026, upon completion of his tenure. The company expressed gratitude for his contributions and guidance during his service. This retirement follows an earlier intimation and is in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Bajel Projects Ltd announced the retirement of Mr. Ajay Suresh Nagle, Executive Director, effective August 31, 2026, upon completion of his tenure. The company expressed its sincere appreciation for his significant contributions, valuable guidance, and dedicated services during his time with the company. Mr. Nagle's retirement marks a change in the company's senior management.

AnantGrid Projects One Private Limited, an associate of Bajel Projects (26% owned), has been declared the successful bidder for the Lakadia – Part A Inter-State Transmission Project. The project, awarded by PFC Consulting Limited, involves constructing approximately 270 Km of 765 KV double-circuit transmission lines in Gujarat. This win follows an e-reverse auction and is part of a broader collaboration between Bajel, NIIF, and AnantGrid to pursue power transmission opportunities in India, supporting the nation's renewable energy targets.