Bajel Projects Limited, a leading EPC player in power transmission infrastructure has been awarded two ultra-mega EPC orders cumulatively valued at Rs 400+ crore for constructing 500kV overhead transmission lines from an international client based in the Middle East and North Africa Region.
The Project is a part of a flagship national grid reinforcement programme aimed at strengthening the high-voltage backbone in the MENA region and enabling reliable power evacuation to support growing economic and industrial demand.
The orders, disclosed under Regulation 30 of SEBI Listing Regulations on April 29, 2026, cover Lot 1 and Lot 5 of the transmission line project.
Rajesh Ganesh, Managing Director & CEO, Bajel Projects Limited, said:
“Winning these orders is a defining moment for Bajel Projects. Being entrusted with a 500 kV transmission corridor in the MENA region reflects the global confidence in our engineering capability, project execution rigour, and ability to deliver complex high-voltage infrastructure in international markets. This order strengthens our footprint in the MENA region, and we remain committed to delivering this project to the highest standards of quality and safety”.
This order further consolidates Bajel Projects’ position as a trusted international EPC partner in the highvoltage transmission segment, complementing its strong domestic order book and recent international wins. It builds on the company’s growing MENA presence, including its 50:50 joint venture with the Al Sharif Group in the Kingdom of Saudi Arabia.
The company’s policy categorizes project wins into the following financial bands:
| Significant Orders | Rs. 50 Cr to Rs. 100Cr |
| Large Orders | 100 Cr to Rs. 200 Cr |
| Major Orders | Rs. 200 Cr to Rs. 300 |
| Mega Orders | Rs. 300 Cr to Rs. 400 |
| Ultra-mega Orders | Rs. 400 Cr and Above
|
There has been an impressive rally in the stocks’ price action in April, with gains amounting to 38%, providing some solace to the investors after having witnessed the stock posting losses in six out of eight months over the past year. Looking at the yearly returns, the stock registered a loss of 36% during the year 2025 after registering gains of 100% in 2024.
Bajel Projects Limited (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 and is powered by the same beliefs and values that have guided its growth for the last 15 years at Bajaj Electricals Ltd.
Electrify your feed! Click here to join our Whatsapp group and to get the latest updates, expert insights, and innovations driving India’s energy storage revolution.
