Bajel Projects' Stock Price Hits 5% Upper Circuit After Company gets New Order

Mumbai, June 23, 2025: Bajel Projects Ltd (NSE: BAJEL) surged 5% to hit the upper circuit in today’s trade after the company announced securing a major Engineering, Procurement, and Construction (EPC) contract from Power Grid Corporation of India Ltd.

The company confirmed it had been awarded a transmission line contract in the ultra-mega band, which will significantly boost its order book and execution pipeline.

The stock responded strongly, with high buy orders and no sellers, indicating investor curiosity. As of 10:53 am, Bajel Projects Ltd is locked in at its opening price of ₹211.93, marking a 5% rise from its previous close of ₹201.84.

Project Details

The ultra-mega band project is valued above ₹400 crore and is slated for completion within 29 months. It involves constructing a 138 KM (approx) long 400 kV double-circuit (D/c) transmission line in Madhya Pradesh, connecting Mahan to Rewa. Further, the project also involves extension works at the 400 kV Rewa substation, a part of the infrastructure designed to evacuate power from the Mahan Energen Limited Generating Station.

Ultra Mega EPC Order Spurs Rally

Following the news, the company’s stock had buy orders totalling 1.83 lakh shares and no sellers, indicating robust investor interest. The stock opened at ₹211.93 and locked in at that price, with no intraday variation as of 10:53 am.

Bajel Projects Ltd – Key Stock Metrics (as of 10:06 IST)

Order Significance

This win from Power Grid Corporation underscores Bajel’s growing credibility in large-scale transmission projects and is expected to materially improve its revenue visibility over the next two fiscal years.

With a current P/E of 150.89 and limited float, the stock remains volatile. However, the market cap now stands at ₹2,449.97 crore, signaling Bajel’s emergence as a mid-cap EPC contender in India’s power infrastructure sector.

Market Outlook

The stock surge and upper circuit hit position Bajel as a credible mid-cap EPC player. The move signals rising investor confidence and reinforces bullish sentiment in power EPC, with government-backed infrastructure emerging as a key trigger.

About Bajel Projects Ltd

Listed in December 2023, Bajel Projects operates in the heavy electrical equipment segment and specializes in turnkey transmission EPC contracts. The stock is part of the BE series, implying trade-to-trade settlement with no intraday trading allowed. Investors are now eyeing Bajel’s execution pace and further order wins as catalysts for continued re-rating.

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