Bajel Projects share price locked at 5 percent upper circuit on June 25 following the company received large order between Rs 100-200 crore from a leading private player in the energy and power transmission sector.
At 09:19am, Bajel Projects was quoting at Rs 231.25, up Rs 11.00, or 4.99 percent, on the BSE.
There were pending buy orders of 160,907 shares, with no sellers available.
The order included two key components for the establishment a 400kV GIS & 765kV AIS extension substation, with the first part of the order involves the supply of all the EHV equipment with mandatory spares, tools, tackles and auxiliaries and the second component covers the service orders for ETC (Erection, Testing and Commissioning) and Civil works of all the materials/equipment and auxiliaries,
"We are extremely pleased to secure this large order from a prominent private player in the energy and power transmission sector. This project underscores our robust capabilities in delivering large‐scale substation infrastructure. It reflects the trust our clients place in our expertise and commitment to quality,” said Rajesh Ganesh, MD & CEO of Bajel Projects.
Catch all the market action on our live blog
On June 23, the company secured an EPC contract worth over Rs 400 crore for transmission line and substation bay extension works in Madhya Pradesh, from Power Grid Corporation of India, on behalf of their special purpose vehicle (SPV) MEL Power Transmission.
The said project is set to be completed within 29 months.
The share touched a 52-week high of Rs 330.00 and a 52-week low of Rs 145.20 on 05 July, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 29.92 percent below its 52-week high and 59.26 percent above its 52-week low.
The market capitalisation of the company stands at Rs 2,673.31 crore.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
