Bajel Projects Ltd

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.

Bajel Projects Limited has secured an ultra-mega order worth over ₹600 Crore for a 765kV double-circuit transmission line package (TL05) under the WR-ER Inter-Regional Network Expansion Scheme. This project involves connecting key substations in Chhattisgarh, reinforcing power evacuation capacity between India's Western and Eastern grids. The order strengthens Bajel's position in high-voltage transmission infrastructure and its role as an EPC partner for strategic grid projects. The company, part of the Bajaj Group, highlighted this win as a testament to its execution capabilities and commitment to India's energy security.

Bajel Projects Ltd has announced the bagging of an Ultra Mega EPC Order for Transmission Line works from PowerGrid Corporation of India Limited (PGCIL), acting on behalf of their SPV, M/s WR ER Part A Power Transmission Limited. The order involves the construction of a 765 kV Transmission Line Package TL05, associated with the WR-ER Inter-Regional Network Expansion Scheme-Part A. The contract is for a period of 33 months from the Notification of Award date. This order is considered an Ultra Mega Order as per the company's classification. Neither the promoters nor group companies have any interest in the awarding entity, and it does not constitute a related party transaction.

Bajel Projects Limited has secured two significant EPC orders from Power Grid Corporation of India Limited (POWERGRID) for the WR-ER Inter-Regional Network Expansion Scheme. The orders include an 'Ultra-Mega' order worth over ₹400 Cr for transmission line package TL02 (765kV D/C Line, Part-II) and a 'Mega' order worth over ₹300 Cr for TL06 (400kV D/C Line). These projects aim to enhance inter-regional power evacuation capacity between Western and Eastern India, strengthening grid connectivity in Chhattisgarh and Jharkhand. The company highlighted these wins as a testament to its execution capabilities in both 400kV and 765kV transmission systems.

Bajel Projects Ltd has announced the bagging of a Mega order for EPC Transmission Line works from PowerGrid Corporation of India Limited (PGCIL), acting on behalf of their SPV, M/s WR ER Part A Power Transmission Limited. The order is for the Transmission Line Package TL06, involving the construction of a 400 kV Transmission Line from LILO of Ranchi (New)- New PPSP 400kV D/C line at Jamshedpur (New). The project is to be completed within 27 months from the notification of award. This order is in the ordinary course of business and does not involve any related party transactions. The company has classified this as a 'Mega Order' based on its internal policy.

Bajel Projects Ltd has announced securing an Ultra-Mega EPC order for a Transmission Line from PowerGrid Corporation of India Limited (PGCIL), acting on behalf of its SPV, M/s WR ER Part A Power Transmission Limited. The order, classified as an EPC Contract for Transmission Line works, is for the construction of a 765 kV Double Circuit line from Raigarh (Tamnar) to Jamshedpur (New), Part-II, associated with the WR-ER Inter-Regional Network Expansion Scheme-Part A under the TBCB route. This domestic order is valued as an Ultra-Mega Order and has a completion timeline of 33 months from the Notification of Award. The company confirmed that neither its promoters nor group companies have any interest in the awarding entity, and it does not constitute a related party transaction.

Bajel Projects Ltd reported its financial results for the first quarter ended June 30, 2026. The company's standalone Profit Before Tax (PBT) increased by 54.7% year-on-year to ₹6.9 crore from ₹4.4 crore in Q1 FY26. Standalone Profit After Tax (PAT) grew 37.2% YoY to ₹4.5 crore. Consolidated PAT margin improved to 0.84% from 0.49% YoY, attributed to better working capital management. The company's unexecuted order book reached a record high of ₹4,055 crore, driven by new ventures in data centers and international expansion in the MENA region. Bajel Projects also acquired an equity stake in Anant Grid Projects One Private Limited, classified as an associate.

Bajel Projects Ltd has announced its unaudited financial results for the first quarter ended June 30, 2026. The company's Board of Directors approved and took on record the standalone and consolidated financial results. The results were reviewed by the Audit Committee and the Statutory Auditors provided a Limited Review Report. Key financial figures for the quarter include total revenue from operations and profit before tax. The company also disclosed ongoing arbitration proceedings with three customers for outstanding balances, with no further adjustments deemed necessary in the current results. An investment in an associate, Anant Grid Projects One Pvt. Ltd., was also noted.

Bajel Projects Ltd announced the approval of its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The Board of Directors approved and took on record the financial results after a meeting held on August 7, 2026. The company's statutory auditors have provided a limited review report on these results. The filing also notes ongoing arbitration proceedings with three customers for recovery of outstanding balances, with no further adjustments made by management as the outcome is currently undetermined.

Bajel Projects Limited has announced that its Board of Directors will convene on August 7, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. Concurrently, the company has closed its trading window from July 1, 2026, for designated persons, which will reopen 48 hours after the financial results are publicly disclosed. This announcement is in compliance with SEBI Listing Regulations.