Bajel Projects share price rose 5 percent in the early trade on July 9 following the company undertaken the capacity addition at Ranjangaon facility.
At 09:19am, Bajel Projects was quoting at Rs 252.35, up Rs 12.00, or 4.99 percent, on the BSE.
The company undertaken the proposed capacity addition at its Ranjangaon facility from 40,500 MT per annum to 1,10,000 MT per annum with an investment of Rs 170 crore with internal accruals/debt.
The capacity expansion is to meet captive demand and sales in domestic and international market and it will be done in phases from Q4FY26 to Q4FY27.
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On July 2, the company secured mega power order in the range of Rs 300-400 crore for a critical 400kV transmission line project from PowerGrid Corporation of India.
In June, the company received large order between Rs 100-200 crore from a leading private player in the energy and power transmission sector.
Also, 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.
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