Bajel Projects zooms on bagging LOAs worth Rs 1500 crore in Gujarat
Bajel Projects is currently trading at Rs. 164.20, up by 8.05 points or 5.16% from its previous closing of Rs. 156.15 on the BSE.
The scrip opened at Rs. 171.90 and has touched a high and low of Rs. 175.30 and Rs. 163.30 respectively. So far 84851 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. 175.30 and Rs. 145.85 respectively. The current market cap of the company is Rs. 1909.36 crore.
The promoters holding in the company stood at 62.52%, while Institutions and Non-Institutions held 9.46% and 28.02% respectively.
Bajel Projects has secured Letter of Awards (LOAs) from Lakadia A Power Transmission for the engineering, procurement and construction (EPC) work for a key transmission project in Gujarat. The orders include 270 km of 765 kV double-circuit transmission lines from Halvad to Vadodara, Gujarat, and additional works at the Halvad, Vadodara and South Olpad substations. The LOAs are valued at Rs 1500 crore (including GST). The orders are to be completed within 36 months from the date of issuance of purchase order.
Lakadia A Power Transmission is a special purpose vehicle (SPV), transferred to AnantGrid Projects One (AGPOPL) by PFC Consulting for the development of Common Transmission System for Evacuation of Power from Lakadia (Phase II: 7.5 GW) Jam Khambaliya (Phase II: 5.5 GW) and Jamnagar (Phase I: 1 GW) - Part A. AGPOPL is a company jointly owned by the company (26%) and the National Investment and Infrastructure Fund (NIIF) (74%), which successfully won the TBCB bid for the said project in August 2026. The combined value represents the largest transmission order in the company's history and further strengthens the company's position as a key enabler of India's expanding power transmission network.
This transmission project forms a critical component of India’s renewable energy infrastructure, enabling the evacuation of nearly 14 GW of renewable energy capacity from the high-potential renewable energy zones of Lakadia, Jam Khambhaliya and Jamnagar in Gujarat. The project will play a significant role in supporting India's target of achieving 500 GW of non-fossil fuel-based energy capacity by 2030 while strengthening the national transmission network.
