Bajel Projects Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

Net profit of Bajel Projects reported to Rs 5.52 crore in the quarter ended June 2024 as against net loss of Rs 1.70 crore during the previous quarter ended June 2023. Sales rose 156.36% to Rs 505.69 crore in the quarter ended June 2024 as against Rs 197.26 crore during the previous quarter ended June 2023.

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Bajel Projects will hold a meeting of the Board of Directors of the Company on 8 August 2024.

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The company has been awarded the transmission line package TL01 for the 765 kV D/C Beawar – Mandsaur PS transmission line. The awarded project is a part of a larger government initiative which aims to set up a 'Transmission System for evacuation of power from Rajasthan REZ'.

The project has been awarded through the Tariff Based Competitive Bidding (TBCB) route.

Bajel Projects will have 23 months to complete the project from the award notification date.

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 net profit of Rs 7.07 crore in Q4 FY24 as against net loss of Rs 0.78 crore posted in corresponding quarter last year. Revenue from operations stood at Rs 489.16 crore in the quarter ended 31 March 2024, up 147.34% from 197.77 crore in same quarter previous fiscal.

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Bajel Projects has been awarded a supply of Goods and Services contract by PowerGrid Corporation of India for and on behalf of their project specific SPV i.e. Beawar©\ Mandsaur Transmission. The value of the contract is Rs 586.28 crore and the scope of the work includes Transmission Line Package TL01 for 765 kV D/c Beawar ¨C Mandsaur PSTransmission Line ¨C Part I associated with ¡°Transmission System forevacuation of power from Rajasthan REZ Ph©\IV (Part©\2: 5.5GW) (Jaisalmer/Barmer Complex) Part©\D¡± through Tariff Based Competitive Bidding (TBCB) route.

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