Mumbai, January 28, 2025 – Bajel Projects Limited (NSE: BAJEL, BSE: 544042) has been awarded an Engineering, Procurement, and Construction (EPC) contract by PowerGrid Corporation of India Limited (POWERGRID) for the construction of a 765kV transmission line under the Rajasthan IV 4A Power Transmission Project.
Key Contract Details
- Awarding Entity: PowerGrid Corporation of India Limited (POWERGRID), on behalf of Rajasthan IV 4A Power Transmission Limited (Project SPV Company).
- Project Scope:
- Construction of a 765kV D/C transmission line from Dausa to Ghiror.
- Part of the Transmission System for Power Evacuation from Rajasthan REZ Phase-IV (3.5 GW): Part A.
- Contract Type: EPC (Engineering, Procurement, and Construction).
- Project Timeline: 23 months from the date of award.
- Project Size: 120 km transmission line.
- Nature of Award: Domestic contract.
- Promoter/Related Party Involvement: None; the contract is not a related-party transaction.
Strategic Significance
This contract win reinforces Bajel Projects’ position as a key player in India’s power transmission infrastructure sector. The Rajasthan REZ (Renewable Energy Zone) project is critical to India’s energy transition, enabling the seamless integration of renewable power into the national grid.Management Statement
Bajel Projects emphasized that the contract aligns with its long-term growth strategy and strengthens its order book in the transmission infrastructure space.Investors and industry stakeholders will closely monitor project execution and its impact on Bajel’s financial performance in the coming quarters.