Bajel Projects Limited, a prominent player in India’s power transmission sector, has announced a significant milestone with the acquisition of a Mega EPC order from PowerGrid Corporation of India Limited (PGCIL). The project involves the construction of a 400kV transmission line, reinforcing Bajel’s role in strengthening India’s power infrastructure.
Project Overview
The order pertains to the Transmission Line Package TL04 for the Siwani-Jind (PG) 400kV D/C (Quad) Transmission Line, associated with the REZ Ph-IV (Part 3: 6GW) Bikaner Complex. Key details include:
- Scope of Work: Construction of a 99 km 400kV transmission line.
- Project Timeline: 18 months from the date of award.
- Order Classification: Falls under the Mega category (Rs. 300-400 Cr, inclusive of GST).
The project was awarded under the Tariff Based Competitive Bidding (TBCB) route, with PGCIL acting through its Special Purpose Vehicle (SPV), POWERGRID Siwani Transmission Limited (PSTL).
Strategic Significance
This project aligns with India’s green energy initiatives, supporting the integration of renewable energy into the national grid. The Bikaner Complex is a critical hub for renewable energy, and Bajel’s role in enhancing transmission infrastructure will facilitate efficient power evacuation.
Mr. Rajesh Ganesh, MD & CEO of Bajel Projects, emphasized the company’s commitment to timely execution and operational excellence, stating:
“We are proud to contribute to the nation’s green energy initiatives by strengthening the transmission system for the REZ Ph-IV, Bikaner Complex.”
Financial and Compliance Highlights
- The order is classified as Mega under Bajel’s project categorization.
- No related-party transactions are involved, ensuring transparency.
- The disclosure complies with SEBI Listing Regulations (Regulation 30).
About Bajel Projects Limited
Bajel Projects, formerly part of Bajaj Electricals Limited, specializes in power transmission and distribution infrastructure. With decades of expertise, the company is a trusted partner for national and international utilities, driving grid modernization and sustainable energy solutions.
This Mega order underscores Bajel’s leadership in India’s power transmission sector and its contribution to the nation’s energy transition. The project not only enhances Bajel’s order book but also supports India’s vision for a robust and renewable-integrated power grid.
