Bajel Projects jumps on securing order from Adani Energy Solutions
Bajel Projects is currently trading at Rs. 236.40, up by 6.65 points or 2.89% from its previous closing of Rs. 229.75 on the BSE.
The scrip opened at Rs. 241.75 and has touched a high and low of Rs. 245.30 and Rs. 231.95 respectively. So far 24713 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 330.00 on 05-Jul-2024 and a 52 week low of Rs. 154.70 on 15-Jan-2024.
Last one week high and low of the scrip stood at Rs. 257.85 and Rs. 226.00 respectively. The current market cap of the company is Rs. 2744.47 crore.
The promoters holding in the company stood at 62.61%, while Institutions and Non-Institutions held 8.79% and 28.60% respectively.
Bajel Projects has received order from Adani Energy Solutions (AESL) for supply of goods and services contract for construction of 400KV D/C Raipur - Tiroda (Quad ACSR Moose) Transmission Lines in state of Chhattisgarh and Maharashtra. The said order is expected to be completed in 18 months from the date of issuance of letter of award.
Bajel Projects is a leading company in the business of power infrastructure, with a strong presence in the Power Transmission and Power Distribution sectors.
