According to Bajel Projects, the “ultra-mega” order TLO6-LILO of Ranchi includes design, supply, erection, testing and commissioning of new 400kV double-circuit transmission lines connecting Jamshedpur (New) with Ranchi (New) and New PPSP. 2 Min Read
Shares of Bajel Projects gained on Monday, August 10, after the company said it has won orders worth over ₹700 crore from Power Grid.
The company said it won an “ultra-mega” order worth ₹400 crore and a “mega order” worth over ₹300 crore under the WR-ER inter-regional network expansion scheme. Bajel Projects classifies orders in the ₹300 crore to ₹400 crore range as “mega” and orders of ₹400 crore and above as “ultra-mega” orders.
According to Bajel Projects, the “ultra-mega” order TLO6-LILO of Ranchi includes design, supply, erection, testing and commissioning of new 400kV double-circuit transmission lines connecting Jamshedpur (New) with Ranchi (New) and New PPSP. The other order – TL02- Raigarh (Tamnar) includes the construction of a new 765kV double-circuit transmission line from Raigarh (Tamnar) to Jamshedpur (New), Part 11. Together, the two packages will reinforce inter-regional power evacuation capacity between the Western and Eastern Regions, strengthening grid connectivity across Chhattisgarh and Jharkhand and supporting the broader WR-ER corridor, the company said. “These packages are critical to strengthening power flow between the Western and Eastern regions, and together they mark one of our largest transmission line wins to date,” Rajesh Ganesh, the managing director and CEO of Bajel Projects, said. Shares of Bajel Projects are trading 1.5% higher on Monday at ₹194.67. The stock has risen 13% so far this year. Also Read: Why Hyundai, Ashok Leyland and ICICI Bank are among Macquarie’s top picks
Home Market News Bajel Projects shares rise after it wins orders worth more than ₹700 crore from Power Grid
