Bajel Projects moves up on executing collaboration agreement with NIIF, AnantGrid
Bajel Projects is currently trading at Rs. 148.60, up by 2.65 points or 1.82% from its previous closing of Rs. 145.95 on the BSE.
The scrip opened at Rs. 140.05 and has touched a high and low of Rs. 151.30 and Rs. 140.05 respectively. So far 2876 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 262.00 on 17-Jul-2025 and a 52 week low of Rs. 138.50 on 09-Mar-2026.
Last one week high and low of the scrip stood at Rs. 152.10 and Rs. 138.50 respectively. The current market cap of the company is Rs. 1689.02 crore.
The promoters holding in the company stood at 62.53%, while Institutions and Non-Institutions held 9.46% and 28.01% respectively.
Bajel Projects has signed a collaboration agreement with National Investment and Infrastructure Fund (NIIF), a sovereign-linked alternative asset manager anchored by the Government of India and AnantGrid, a power transmission developer promoted by NIIF. With India’s target of 500GW of renewable energy by 2030 and increasing domestic / industrial demand, robust transmission infrastructure is the need of the hour.
The collaboration agreement proposes to participate in the opportunities of mutual interest in the power transmission sector in India, emanating from the Government of India’s focus on renewable energy integration, grid modernization, and private sector participation. The framework aims to deliver high-quality and cost-efficient power transmission projects on time in India by combining: NIIF’s investment and asset management capabilities; AnantGrid’s business development and project management capabilities; and the company’s engineering and execution expertise
