Bajel Projects Ltd Bags ₹300-₹400 Crore PGCIL Order
In a significant development, Bajel Projects Limited, a transmission company, has secured a massive ₹300-₹400 crore EPC (Engineering, Procurement, and Construction) contract from Power Grid Corporation of India Limited (PGCIL). The contract is for constructing a 99 km, 400kV Siwani-Jind (PG) D/C (Quad) transmission line, which is part of the REZ Ph-IV project. The news sent the stock prices of Bajel Projects Limited soaring, with the company hitting a 5% upper circuit at ₹242.72 on July 2, 2025.
The REZ Ph-IV project is a significant initiative aimed at strengthening India’s power transmission infrastructure. The project involves the construction of a transmission line that will connect the Siwani and Jind substations, enabling the efficient transmission of electricity across the region. The new transmission line will have a capacity of 400kV, making it a critical component of India’s power transmission network.
The contract awarded to Bajel Projects Limited is a significant milestone for the company, which has established itself as a reliable player in the transmission sector. The company’s expertise in EPC projects, combined with its strong financials, made it an attractive choice for PGCIL.
The scope of the project includes the construction of the transmission line, along with associated substations and towers. The work is expected to be completed within 18 months, demonstrating the company’s ability to deliver complex projects on time and within budget.
Bajel Projects Limited’s ability to secure a contract of this magnitude is a testament to its capabilities and expertise in the transmission sector. The company’s financials are also expected to benefit significantly from this contract, with the revenue and profit margins likely to increase substantially.
The REZ Ph-IV project is a critical component of India’s power transmission infrastructure, and the construction of the 400kV Siwani-Jind transmission line will play a vital role in ensuring the efficient transmission of electricity across the region. The project is expected to have a significant impact on the region’s power supply, enabling the efficient transmission of electricity and improving the overall reliability of the grid.
India’s power transmission sector has been growing rapidly, driven by the government’s efforts to strengthen the country’s power infrastructure. The sector is expected to continue to grow, driven by increasing demand for electricity and the need to upgrade and expand the existing transmission network.
Bajel Projects Limited’s contract with PGCIL is a significant development in the company’s journey, and it is expected to have a positive impact on its financials and overall performance. The company’s ability to secure a contract of this magnitude demonstrates its capabilities and expertise in the transmission sector, and it is likely to attract more business in the future.
In conclusion, Bajel Projects Limited’s securing of the ₹300-₹400 crore PGCIL order is a significant development in the company’s journey. The contract is a testament to the company’s capabilities and expertise in the transmission sector, and it is expected to have a positive impact on its financials and overall performance. As the company continues to grow and expand its operations, it is likely to play an increasingly important role in India’s power transmission sector.
