Bajel Projects Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

The current term of Rajesh Ganesh will end on 17 September 2028.

Rajesh Ganesh is a Mechanical Engineer and has an MBA from The University of Chicago Booth School of Business. He has about 30 years of cross business, international experience with large multinational companies like Shell, Castrol, and Oiltanking GmbH. He has lived and worked in India, UK, Europe, Singapore and Indonesia.

Prior to Joining Bajel Projects, he was the managing director of Indian Oiltanking (A JV between Indian Oil Corporation and Oiltanking GmbH). During his tenure as the MD, the enterprise value of Indian Oiltanking more than doubled. He led the successful divestment of Oiltanking GmbH shareholding in Indian Oiltanking to Adani Ports and SEZ.

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 had reported a standalone net profit of Rs 3.36 crore in Q3 FY24 as against a net loss of Rs 1.40 crore in Q3 FY23. Total revenue from operations surged 67.83% YoY to Rs 270.38 crore in Q3 FY24.

The scrip fell 3.67% to end at Rs 267.40 on Monday, 29 April 2024.

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Bajel Projects has been awarded a supply of Goods and Services contract by Power Grid Corporation of India for Transmission Line Package ¨C TL01B for Balance works of removal of LILO of Bawana©\Mandola 400kV D/C line at Maharanibagh S/S and extension of above LILO section from Maharanibagh upto Narela S/S to form 2x400kV D/C Maharanibagh©\Narela Line under ¡°Transmission System associated with Evacuation of Powerfrom Solar Energy Zones in Rajasthan (8.1GW) under Phase©\II Part G1¡¯¡¯vide its letters dated 12 March 2024, aggregating to Rs. 92.18 crores (excluding taxes)

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Bajel Projects been awarded a supply of Goods and Services contract by Power Grid Corporation of India for and on behalf of their project specific SPV i.e. M/s Vataman Transmission. The scope of work involves 765kV New Transmission Line ]81km at Halvad]Vataman,Gujarat. The value of the order is Rs 358.43 crore.

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The first order is received by company’s project specific SPV, Vataman Transmission for 765kV new transmission line of 81km worth Rs 358.43 crore and it is to be completed in 21 months from the date of issuance of notification of award.

The scope of work includes supply of goods and services contract for transmission line package TL01 for Halvad‐Vataman 765 KV D/c line Part ‐I associated with ‘transmission system for evacuation of additional 7 GW RE power from Khavda RE park under Phase‐III Part B’ through TBCB route.

The subsequent order is received by the company for 400 kV M/C transmission line on Monopoles & Lattice Towers worth Rs 92.18 crore and it is to be completed in 3 months from the date of issuance of notification of award.

This order entails supply of goods and services contract for transmission line package – TL01B for balance works of removal of LILO of Bawana‐Mandola 400kV D/C line at Maharanibagh S/S and extension of above LILO section from Maharanibagh upto Narela S/S to form 2x400kV D/C Maharanibagh‐Narela Line under ‘transmission system associated with evacuation of power from solar energy zones in Rajasthan (8.1GW) under Phase‐II Part G1’.

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 Limited under the EPC segment.

The company had reported a standalone net profit of Rs 3.36 crore in Q3 FY24 as against a net loss of Rs 1.40 crore in Q3 FY23. Total revenue from operations surged 67.83% YoY to Rs 270.38 crore in Q3 FY24.

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