Bajel Projects rallies 14% amid tepid market sentiments after winning massive ₹700 Cr+ EPC contract from MSETCLBajel Projects rallies 14% amid tepid market sentiments after winning massive ₹700 Cr+ EPC contract from MSETCL

Introduction

Leading EPC company in power transmission infrastructure secures ₹700 crore-plus contract from Maharashtra State Electricity Transmission Company Limited for 400/220 kV AIS substation and transmission lines at Saswad, Pune.

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Share price movement of Bajel Projects

On March 16, 2026, Bajel Projects Ltd opened at ₹149.10, up 6.54% from its previous close of ₹139.95. The stock reached a high of ₹159.75 (14.15%) and a low of ₹149.00. By 11:27 AM, it traded at ₹152.25, an 8.79% increase, with a market cap of ₹1,767.11 crore.

Bajel Projects Bags ₹700 Cr Order

Bajel Projects Limited has secured an ultra-mega EPC order worth over ₹700 crore from Maharashtra State Electricity Transmission Company Limited for establishing a 400/220 kV AIS substation at Saswad in Pune district.

The project includes design, supply, erection, testing and commissioning of the 400/220 kV air insulated switchgear substation along with associated 400 kV and 220 kV transmission lines.

The Saswad project includes a 2×500 MVA substation with a 1×125 MVAr bus reactor and bay additions at substations. The contract execution period is 23 months from notification of award.

Stock performance of Bajel Projects for period of 1 week, 6 months, and 1 year

Bajel Projects Ltd delivered a 1-week return of -4.97%, a 6-month return of -34.7%, and a 1-year return of -12.1%.

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Shareholding pattern of Bajel Projects

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	62.50%	62.60%	62.60%
FII	0.40%	0.70%	0.30%
DII	9.10%	8.70%	10.30%
Public	28%	28.10%	25.90%
Others	0.00%	0.00%	0.90%

About Bajel Projects

Bajel Projects Limited (NSE: BAJEL) operates in power transmission and distribution infrastructure. The company was earlier part of Bajaj Electricals Limited and executes EPC projects for utilities and infrastructure players.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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