Bajel Projects soars on securing EPC order for 220kV GIS Substations in Mumbai
Bajel Projects is currently trading at Rs. 161.65, up by 4.10 points or 2.60% from its previous closing of Rs. 157.55 on the BSE.
The scrip opened at Rs. 164.95 and has touched a high and low of Rs. 168.00 and Rs. 161.60 respectively. So far 27312 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 215.95 on 29-May-2026 and a 52 week low of Rs. 135.80 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 168.00 and Rs. 154.35 respectively. The current market cap of the company is Rs. 1908.21 crore.
The promoters holding in the company stood at 62.53%, while Institutions and Non-Institutions held 9.73% and 27.74% respectively.
Bajel Projects has been awarded an EPC order for the supply and installation of 220kV Gas Insulated Switchgear (GIS) substations at Salsette and Powai in Mumbai. The order falls in the Rs 200 crore-Rs 300 crore ‘Major Orders’ category as per the company’s project classification policy (inclusive of GST).
The scope covers the supply and installation of a 220kV GIS at the Salsette receiving station. The scope also covers the supply and installation of a 220kV Outdoor GIS substation at the Powai receiving station. GIS technology needs far lesser space than conventional air-insulated substations.
That makes it the preferred choice for dense urban load centres like Mumbai, where land is scarce and demand keeps rising. Together, the two substations will add capacity and reliability to the city's transmission network.
