Bajel Projects announced the signing of 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. 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 Bajel`s engineering and execution expertise.Powered by Capital Market - Live News

Bajel Projects announced the signing of a landmark Joint Venture (JV) agreement with Al Sharif Contracting and Commercial Development Company (ASC). ASC is a part of Al Sharif Group Holdings and one of the leading EPC contractors & manufacturers. This partnership marks a significant milestone in Bajel`s international expansion strategy, positioning the company to participate in the significant infrastructure transformation currently underway in the Kingdom of Saudi Arabia. The Joint Venture is built on a foundation of equal partnership, between Bajel Projects and Al Sharif Contracting and Commercial Development Company. The JV will be established specifically to undertake Engineering, Procurement, and Construction (EPC) business within Saudi Arabia, focusing on: High Voltage and Extra High Voltage (EHV) Infrastructure which also includes: Overhead Transmission Lines Substation Packages Underground Cabling Projects and more Commenting on the Joint Venture agreement, Rajesh Ganesh, MD & CEO, Bajel Projects, said: The signing of this Joint Venture agreement with Al Sharif Contracting and Commercial Development Company is a defining moment for Bajel Projects as we strategically expand our presence outside India. Saudi Arabia is currently witnessing an unprecedented infrastructure surge. This partnership enables us to bid for complex, extra high-voltage inter-regional corridors and substations that are vital to Saudi Vision 2030 and beyond. BAJEL is excited and looking forward to contributing to the grand vision of the Kingdom�. Powered by Capital Market - Live News

Bajel Projects announced that it has been awarded an Ultra Mega domestic order valued at over Rs 400 crore. The project involves the development of high-capacity transmission infrastructure critical for the stability and efficiency of India`s inter-regional power flow.The contract, designated as Transmission Line Package TL02, involves the construction of the 765 kV Vindhyachal Pool � Prayagraj D/c line (Part-II). This high-voltage corridor is a vital component of the Inter-regional (NR-WR) Transmission System strengthening initiative. It is specifically engineered to relieve the loading of the existing 765 kV Vindhyachal-Varanasi D/c line, ensuring a more resilient and balanced exchange of power between the Northern and Western Grids.Powered by Capital Market - Live News

Bajel Projects announced it has been awarded a `Large` order for the extension of the Mandsaur Pooling Station (PS). This order falls within the Large order band (valued between Rs 100 crore and Rs 200 crore), as per the Company`s internal classification. This project is a critical component of India`s strategy to augment transformation capacity for Renewable Energy (RE) interconnection. The contract, designated as 765kV AIS Extn. Substation Package SS 108T, involves the extension of the existing 765/400/220kV Mandsaur Pooling Station (PS). The project falls under the Augmentation of Transformation Capacity and Implementation of line bays at Mandsaur for RE interconnection and is being executed through the Tariff Based Competitive Bidding (TBCB) route. The Company at present is executing the transmission line of 260 route kms from Beawar to Mandsaur Pooling station traversing through Madhya Pradesh and Rajasthan. This win reinforces Bajel`s role in high-voltage infrastructure, critical for integrating renewable energy into the national power grid. Powered by Capital Market - Live News

Net loss of Bajel Projects reported to Rs 0.42 crore in the quarter ended December 2025 as against net profit of Rs 1.46 crore during the previous quarter ended December 2024. Sales declined 9.75% to Rs 555.41 crore in the quarter ended December 2025 as against Rs 615.42 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales555.41615.42 -10 OPM %4.462.38 - PBDT13.426.64 102 PBT8.193.43 139 NP-0.421.46 PL Powered by Capital Market - Live News