Bajel Projects Secures ₹400+ Crore Overseas Order; Shares Move Higher

Mumbai, April 29: Bajel Projects Limited said Wednesday it has secured an ultra-mega engineering, procurement and construction (EPC) order for a high-voltage transmission project in the Middle East and North Africa region.

The company did not disclose the exact value but said the contract falls in its “ultra-mega” category, which refers to orders worth ₹400 crore and above, according to an exchange filing.

The project involves building two sections Lot 1 and Lot 5 of a 500 kV overhead transmission line, part of a broader grid expansion effort in the region. Execution is expected to be completed within about 11 months from the start date.

Stock Market Snapshot

Bajel Projects share price rose after the announcement, reflecting investor interest in the scale and international nature of the order.

The stock was trading at ₹185.50, up ₹4.13, or 2.28%, as of 3:30 p.m. IST on April 29, compared with the previous close of ₹181.37. During the session, it moved between ₹178.05 and ₹201.73, according to exchange data.

The gain suggests the market is factoring in improved order visibility, particularly in overseas markets.

Strengthening Global Footprint

The order adds to Bajel Projects’ growing presence outside India, especially in regions like MENA where investments in power infrastructure remain strong.

High-voltage transmission projects like this are typically complex and capital-intensive, requiring strong execution capabilities an area where the company has been building its track record.

A Core Business Fit

Bajel Projects Limited operates in the transmission and distribution EPC space, handling large-scale power infrastructure projects.

Assignments involving 500 kV transmission systems sit at the higher end of technical complexity and align closely with the company’s core expertise.

Execution Will Be Closely Watched

While the order size provides a clear boost to the company’s pipeline, the real impact will depend on execution over the next several months.

Timely completion, cost control and delivery across both project sections will be key factors in translating this win into financial performance.

Source:

• https://www.nseindia.com/get-quote/equity/BAJEL/Bajel-Projects-Limited
• https://nsearchives.nseindia.com/corporate/BAJEL_29042026120240_IntimationunderReg30OrderBaggingofawardsigned.pdf