Bajel Projects soars on receiving LoI worth Rs 487.64 crore
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Bajel Projects is currently trading at Rs. 150.00, up by 5.25 points or 3.63% from its previous closing of Rs. 144.75 on the BSE.
The scrip opened at Rs. 155.80 and has touched a high and low of Rs. 157.35 and Rs. 149.45 respectively. So far 268845 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 205.00 on 19-Dec-2023 and a 52 week low of Rs. 108.05 on 03-Jan-2024.
Last one week high and low of the scrip stood at Rs. 170.10 and Rs. 137.65 respectively. The current market cap of the company is Rs. 1726.53 crore.
Bajel Projects has received letter of intent (LoI) for Supply of Plant and Installation Services for Engineering, Procurement, Construction & Commissioning of Transmission lines and GIS Substations of (i) Transmission Line: 1: 400 kV Jalpura - THDC TPS Khurja DC line - 80.06 KM (ii) Transmission Line 2: LILO of one circuit of kt. of 400 kV Greater Noida - Pali, Gr. Noida DC line at 400/220 Kv GIS - 0.8 KM (iii) New Substation 01 - 400/220kV, 2 x 500 MVA GIS Substation at Metro depot Greater Noida, New Substation 02 - 400/220kV, 2 x 500 MVA GIS Substation Jalpura from the Tata Power Company vide their letter dated January 11, 2024, aggregating to Rs 487.64 crore (including taxes). The said project shall be completed within 18 months from the effective date of the respective Contract.
Bajel Projects is a leading company in the business of power infrastructure, with a strong presence in the Power Transmission and Power Distribution sectors.
