Bajel Projects Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

Net profit of Bajel Projects reported to Rs 3.66 crore in the quarter ended September 2024 as against net loss of Rs 4.44 crore during the previous quarter ended September 2023. Sales rose 235.38% to Rs 651.77 crore in the quarter ended September 2024 as against Rs 194.34 crore during the previous quarter ended September 2023.

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Bajel Projects will hold a meeting of the Board of Directors of the Company on 14 November 2024

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The order involves the design and construction of a 220/33kV gas-insulated switchgear (GIS) substation and transmission line extension for a colocation data centre in Navi Mumbai, Maharashtra.

This project, underscores Bajel’s strategic entry into the rapidly growing data center market driven by India’s digital transformation, increasing demand for data storage and processing capabilities, it added.

Bajel will leverage its extensive expertise in design, engineering, procurement, and construction (EPC) to deliver critical power infrastructure solutions. The project will incorporate a combination of lattice towers and monopoles, conductors, and other essential components like the GIS substation, ensuring reliable, efficient, and continuous power supply.

Bajel is committed to completing this project within the stipulated timeframe, executing it with strict adherence to quality and safety standards. This commitment will further solidify Bajel’s reputation for safety and operational excellence, as stated in a press release.

Rajesh Ganesh, MD & CEO of Bajel Projects said, The exponential growth of data centers in India, fuelled by cloud adoption, e-commerce, digital services and localization, presents a compelling opportunity for us. We're strategically building capabilities in GIS and Monopoles to become a trusted partner for data center developers in their pursuit of reliable and sustainable power infrastructure.

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 standalone net profit of Rs 5.52 crore in Q1 FY25 as against net loss of Rs 1.70 crore posted in Q1 FY24. Net sales stood at Rs 505.69 crore in Q1 FY25, steeply higher than Rs 197.26 crore reported in Q1 FY24.

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The order involves the design and construction of a 220/33kV gas-insulated switchgear (GIS) substation and transmission line extension for a colocation data centre in Navi Mumbai, Maharashtra.

This project, underscores Bajel’s strategic entry into the rapidly growing data center market driven by India’s digital transformation, increasing demand for data storage and processing capabilities, it added.

Bajel will leverage its extensive expertise in design, engineering, procurement, and construction (EPC) to deliver critical power infrastructure solutions. The project will incorporate a combination of lattice towers and monopoles, conductors, and other essential components like the GIS substation, ensuring reliable, efficient, and continuous power supply.

Bajel is committed to completing this project within the stipulated timeframe, executing it with strict adherence to quality and safety standards. This commitment will further solidify Bajel’s reputation for safety and operational excellence, as stated in a press release.

Rajesh Ganesh, MD & CEO of Bajel Projects said, The exponential growth of data centers in India, fuelled by cloud adoption, e-commerce, digital services and localization, presents a compelling opportunity for us. We're strategically building capabilities in GIS and Monopoles to become a trusted partner for data center developers in their pursuit of reliable and sustainable power infrastructure.

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 standalone net profit of Rs 5.52 crore in Q1 FY25 as against net loss of Rs 1.70 crore posted in Q1 FY24. Net sales stood at Rs 505.69 crore in Q1 FY25, steeply higher than Rs 197.26 crore reported in Q1 FY24.

Shares of Bajel Projects fell 0.14% to end at Rs 254.40 on Friday, 27 September 2024.

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