Bajel Projects Bags Mega EHV Substation Order; Shares Rise 1.03%

Mumbai, June 3: Bajel Projects has secured a mega engineering, procurement and construction (EPC) order for an Extra High Voltage (EHV) substation from a Mumbai-based data centre client, according to an exchange filing on June 3, 2026.

The company said the contract involves the design, engineering, procurement, supply, erection, testing, commissioning and performance testing of a 400/220/33 kV Gas Insulated Switchgear (GIS) Substation for a data centre project.

As per the company’s order classification framework, the project falls under the Mega Orders category, which represents contracts valued between ₹300 crore and ₹400 crore.

The order has been awarded by a domestic client and is scheduled to be executed within 24 months from the commencement date.

Bajel Projects also clarified that neither its promoters nor promoter group entities have any interest in the awarding entity and that the contract does not qualify as a related-party transaction.

Stock Market Snapshot

Investors responded positively to the order announcement.

As of 10:00 AM IST on June 3, 2026, Bajel Projects shares were trading at ₹196.00, up 1.03% or ₹1.99 from the previous close of ₹194.01.

The Bajel Projects share price touched around ₹198 following the disclosure before paring some gains. The move reflected investor optimism about the company’s order pipeline and growing participation in infrastructure projects linked to India’s expanding data centre ecosystem.

The contract strengthens revenue visibility and adds to the company’s transmission and substation order book.

Company Background

Bajel Projects operates in the power transmission and distribution infrastructure sector, undertaking EPC projects across transmission lines, substations and related energy infrastructure.

The company executes projects for utilities, industrial customers and infrastructure developers, with a focus on high-voltage transmission networks and grid modernisation initiatives.

Increasing investments in renewable energy integration, transmission capacity expansion and data centre infrastructure continue to create opportunities for EPC players in the sector.

Conclusion

The latest order marks another significant addition to Bajel Projects’ order book and highlights growing demand for advanced power infrastructure supporting large-scale data centre developments.

While the market reaction was positive, investors are likely to track execution progress and future order inflows as indicators of sustained business momentum. The project also reinforces the company’s position in the EHV substation and transmission infrastructure segment.

Source:

• https://www.nseindia.com/get-quote/equity/BAJEL/Bajel-Projects-Limited
• https://nsearchives.nseindia.com/corporate/BAJEL_03062026094837_Intimationsigned.pdf