Infra stock in focus after it secures supply of goods and services contract for 765 kV transmission lineInfra stock in focus after it secures supply of goods and services contract for 765 kV transmission line

Introduction:

Leading infrastructure firm has secured a significant contract from PowerGrid Corporation of India Ltd. for the construction of a 765kV transmission line spanning 120 km. The project, aimed at power evacuation from Rajasthan REZ Phase-IV, will be executed over 23 months.

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Share price movement of Bajel Projects:

On January 28, 2025, Bajel Projects Ltd opened at ₹219.05, down 0.59% from its previous close of ₹219.05. The stock reached a high of ₹224.00 and a low of ₹207.95. By 12:34 PM, it traded at ₹217.75, a 0.59% decline, with a market cap of ₹2,516.77 crore.

Bajel Projects Ltd. Secures 765kV Transmission Line Contract:

Bajel Projects Ltd. has announced its successful bid for a major supply of goods and services contract awarded by PowerGrid Corporation of India Ltd. The project, aimed at constructing a 765kV transmission line, will span 120 km.

The contract is associated with the transmission system for the evacuation of power from Rajasthan REZ Phase-IV. The EPC contract, valued significantly, will be executed over 23 months, strengthening Bajel Projects’ position in large-scale infrastructure projects.

The company clarified that none of the promoters or their affiliates have any interest in PowerGrid, ensuring that the transaction falls outside related party transactions. This partnership marks a key milestone for Bajel Projects Ltd. in the domestic infrastructure sector.

Recent news on Bajel Projects:

As of January 13, 2025, Bajel Projects Ltd announced receiving an EPC contract from Adani Energy Solutions Ltd for constructing a 400kV double-circuit transmission line. The 217 km project will connect Raipur, Chhattisgarh, to Tiroda, Maharashtra, using Quad ACSR Moose conductors.

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

Over the past week, Bajel Projects Ltd has seen a decline of 10.1%, while its performance over the last six months has dropped by 23%. However, the company has experienced a positive return of 22.3% over the past year.

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Shareholding pattern of Bajel Projects:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	63%	62.60%	62.70%
FII	0.30%	0.50%	0.30%
DII	9.50%	8.30%	7.80%
Public	27.60%	28.60%	29.20%

About Bajel Projects:

Bajel Projects Ltd. (NSE: BAJEL) is a part of the Bajaj Group, specializing in Engineering, Procurement, and Construction (EPC). The company offers end-to-end solutions for high-voltage transmission, substations, electrification, and irrigation projects, providing turnkey services from design to commissioning.

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.