Introduction:
Small-cap stock has secured a major EPC contract from M/s Solapur Transmission Limited for a new 400/220KV substation project in Solapur, Maharashtra, showcasing its expanding capabilities in engineering and infrastructure development.
Share Price movement of Bajel Projects:
On Dec 13, Bajel Projects’ stock opened at ₹252.95 and surged to a high of ₹289.45, after a low of ₹252.05, closing at ₹288.00. This marks a significant 17.58% increase from the previous close of ₹244.95, with a market cap of ₹3325.68 crore.
Bajel Projects share price rise:
Bajel Projects Limited has announced securing an EPC contract from M/s Solapur Transmission Limited, a project SPV of Torrent Power Ltd. The contract involves the design, engineering, supply, and commissioning of a new 400/220KV substation in Solapur, Maharashtra.
The project scope includes extensive EPC work such as manufacturing, civil work, and testing for the establishment of the Solapur PS and two 400 KV line bays. The completion timeline is set for 15 months from the award date.
No interests from Bajel Projects’ promoter group affect this contract, ensuring it doesn’t qualify as a related party transaction. This development aligns with SEBI Listing Regulations, which Bajel Projects has duly complied with and reported.
Recent news About Bajel Projects :
On September 30, 2024, Bajel Projects’ stock rose by 4.09% to ₹264.80 following their announcement of securing an entry into the data centre market. The company won its first order for designing and constructing a 220/33kV GIS substation and transmission line for a colocation data centre in Navi Mumbai, Maharashtra.
Stock performance of Bajel Projects for Period of 1 week, 6 months:
Bajel Projects’s stock performance has seen notable declines over recent periods. In the past week, the stock dropped by 7.53%. Extending the view to the last six months, the decline was more pronounced at 18.4%, reflecting challenges in the market.
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Shareholding pattern of Bajel Projects :
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 62.61 | 62.72 | 62.75 |
| FII | 0.5 | 0.29 | 0.51 |
| DII | 8.3 | 7.83 | 8.07 |
| Retail & others | 28.58 | 29.17 | 28.67 |
About Bajel Projects :
Bajel Projects Limited specializes in engineering, procurement, and construction (EPC) services, focusing on infrastructure projects like substations and power transmission. The company is recognized for its technical expertise and capacity to handle large-scale, complex industrial projects across India.
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.
