Bajel Projects Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

Bajel Projects has allotted 10,625 equity shares under ESOP on 17 March 2026. Post this allotment, the issued, subscribed and paid-up capital of the Company shall comprise of 11,56,96,935 equity shares of Rs. 2 each fully paid-up amounting to Rs. 23,13,93,870/-.

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The contract involves engineering, procurement and construction (EPC) of monopoles, including foundation works, for the 220 kV Kalwa?Kalyan?Pal transmission line project in Mumbai.

The order, awarded by a domestic entity, falls within the company?s ordinary course of business. The project involves the construction of a 220 kV transmission line using monopole structures.

The company said the project is expected to be completed within 10 months from the date of issuance of the purchase order.

Bajel Projects added that neither the promoter nor promoter group companies have any interest in the awarding entity, and the order does not fall under related party transactions.

Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment. The company reported a consolidated net loss of Rs 0.42 crore in Q3 FY26, compared with a net profit of Rs 1.46 crore posted in Q3 FY25. Revenue from operations declined 9.64% year-on-year to Rs 562.34 crore in the quarter ended 31 December 2025.

Tata Power Company is a part of the Tata Group and primarily engaged in the generation, transmission, and distribution of electricity. It aims to produce electricity entirely through renewable sources. The company?s consolidated net profit fell 25.1% to Rs 771.98 crore on 9.37% fall in revenue from operations to Rs 13,948.41 crore in Q3 FY26 over Q3 FY25. The stock declined 1.10% to Rs 390.60 on the BSE.

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The contract involves setting up a 400/220 kV AIS substation at Saswad in Pune district, along with associated transmission lines.

The order will be placed by MSETCL on behalf of its special purpose vehicle, Saswad Transmission.

The scope of the project includes construction of a 400/220 kV AIS substation and development of 400 kV and 220 kV transmission lines linked to the facility.

The engineering, procurement and construction (EPC) contract is to be executed within 23 months from the date of issuance of the notification of award, the company said in a regulatory filing.

The company also clarified that neither the promoter nor promoter group entities have any interest in the awarding entity and the order does not fall under related party transactions.

Rajesh Ganesh, managing director (MD) & CEO, Bajel Projects, said, Securing this 700 crores ultra-mega order from MSETCL is a milestone for Bajel Projects and a strong validation of our EPC capabilities in the high-voltage substation segment. A 400/220 kV substation of this scale in the Pune district is critical infrastructure that will strengthen Maharashtra's transmission network and support the region's growing industrial and urban power demand. This order reinforces our RAASTA 2030 strategy of expanding into high-value, high-complexity projects and deepens our partnership with one of India's most important state transmission utilities. Our team is fully committed to delivering this project with the highest standards of quality and safety.

Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment.

Bajel Projects reported a consolidated net loss of Rs 0.42 crore in Q3 FY26, compared with a net profit of Rs 1.46 crore posted in Q3 FY25. Revenue from operations declined 9.64% year-on-year to Rs 562.34 crore in the quarter ended 31 December 2025.

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The order will be placed by MSETCL on behalf of its special purpose vehicle, Saswad Transmission.

The scope of the project includes construction of a 400/220 kV AIS substation and development of 400 kV and 220 kV transmission lines linked to the facility.

The engineering, procurement and construction (EPC) contract is to be executed within 23 months from the date of issuance of the notification of award, the company said in a regulatory filing.

The company also clarified that neither the promoter nor promoter group entities have any interest in the awarding entity and the order does not fall under related party transactions.

Rajesh Ganesh, managing director (MD) & CEO, Bajel Projects, said, Securing this 700 crores ultra-mega order from MSETCL is a milestone for Bajel Projects and a strong validation of our EPC capabilities in the high-voltage substation segment. A 400/220 kV substation of this scale in the Pune district is critical infrastructure that will strengthen Maharashtra's transmission network and support the region's growing industrial and urban power demand. This order reinforces our RAASTA 2030 strategy of expanding into high-value, high-complexity projects and deepens our partnership with one of India's most important state transmission utilities. Our team is fully committed to delivering this project with the highest standards of quality and safety.

Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment.

Bajel Projects reported a consolidated net loss of Rs 0.42 crore in Q3 FY26, compared with a net profit of Rs 1.46 crore posted in Q3 FY25. Revenue from operations declined 9.64% year-on-year to Rs 562.34 crore in the quarter ended 31 December 2025.

Shares of Bajel Projects declined 3.68% to end at Rs 139.95 on the BSE.

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