Bajel Projects (Bajel) announced the receipt of new orders for key power transmission infrastructure projects in India, collectively classified in the ultra mega band (Rs 400+ crore). These orders, received from Power Grid Corporation of India (PGCIL) and from Inergy Infra , further solidify Bajel Projects` position as a trusted and reliable partner in the power sector. The new orders encompass a range of critical projects aimed at strengthening and expanding India`s power transmission capabilities. Bajel has been awarded this above contract by PGCIL, on behalf of their SPV M/s �KURNOOL-IV POWER TRANSMISSION, for the construction of a 765kV Double Circuit (D/C) transmission line from Kurnool IV to Kurnool III PS in Andhra Pradesh. This project is part of the Transmission System for Integration of Kurnool-IV REZ-Phase-I (for 4.5GW). The project is slated for completion within 23 months. Additionally, Bajel has also secured two orders from Inergy Infra Private, Pune, for projects related to the evacuation of power from a 550MW solar-wind hybrid power plant at Beed, Maharashtra. These projects include the construction of a 400kV Transmission system and construction of a 400kV New AIS Substation. Both projects are to be completed within 12 months each.�These wins, marking a strong start to the financial year, reinforce our commitment to executing impactful solutions for India`s power sector. Both orders demonstrate Bajel Projects` expertise in executing complex power transmission projects, including the construction of high-voltage transmission lines and substations. The company`s commitment to timely execution, quality, and safety is emphasized by these significant wins�, said Rajesh Ganesh, MD and CEO of Bajel Projects.Powered by Capital Market - Live News

Bajel Projects has appointed Nitesh Bhandari, Chief Financial Officer, Key Management Personnel & Senior Management Personnel of the Company with effect from 01 May 2025.Powered by Capital Market - Live News

Bajel Projects announced the appointment of Piyush Bansal as Senior Management personnel, designated as �Joint President & Business Head - PT (Power Transmission)� of the Company, with effect from 06 March 2025.Powered by Capital Market - Live News

Bajel Projects has allotted 21,857 equity shares under ESOP on 21 February 2025. Post this allotment, the issued, subscribed and paid-up capital of the Company shall comprise of 11,56,02,685 equity shares of Rs.2 each fully paid-up amounting to Rs 23,12,05,370/-. Powered by Capital Market - Live News

Net profit of Bajel Projects declined 56.55% to Rs 1.46 crore in the quarter ended December 2024 as against Rs 3.36 crore during the previous quarter ended December 2023. Sales rose 127.61% to Rs 615.42 crore in the quarter ended December 2024 as against Rs 270.38 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales615.42270.38 128 OPM %2.383.37 - PBDT6.646.12 8 PBT3.434.69 -27 NP1.463.36 -57 Powered by Capital Market - Live News