| Market Cap | ₹2,213.5 CrSmall Cap |
|---|---|
| Revenue TTM | ₹2,750.8 CrOperating Income |
| Piotroski Score | 7High Score |
| Order from | Power Grid Corporation of India Limited (POWERGRID) |
| Deal value | ₹700 Cr |
| Share of market cap | 31.6% |
| Share of annual revenue | 25.4% |
Key highlights
- Secured two EPC contracts identified as transmission line packages TL06 and TL02
- TL06 involves a 400kV double-circuit line connecting Jamshedpur with Ranchi and PPSP
- TL02 includes the construction of a 765kV double-circuit line from Raigarh to Jamshedpur
- Combined project value exceeds ₹700 crore based on company financial classification bands
- Projects aim to strengthen grid connectivity across Chhattisgarh and Jharkhand
Project Scope and Regional Impact
The awarded contracts focus on the design, supply, and commissioning of critical power infrastructure in eastern India. Package TL06 entails the LILO of the Ranchi-New PPSP 400kV double-circuit line at Jamshedpur. Meanwhile, package TL02 involves the construction of a massive 765kV double-circuit line connecting Raigarh (Tamnar) to Jamshedpur.
These projects are part of the WR-ER Inter-Regional Network Expansion Scheme, specifically designed to reinforce power evacuation capacity between India's Western and Eastern regions. The infrastructure will provide essential grid stability and support the broader WR-ER corridor's energy demands.
Client Profile: POWERGRID
- Power Grid Corporation of India Limited is a Maharatna Central Public Sector Enterprise
- It functions as the leading electric power transmission utility in India
- POWERGRID manages approximately 85 percent of India's inter-regional transmission capacity
- The company is responsible for planning and implementing the National Grid infrastructure
Execution Capabilities and Strategic Win
Bagging two orders – TL06 and TL02 – under the WR-ER Inter-Regional Network Expansion Scheme in quick succession is a strong endorsement of Bajel's execution capabilities across both 400kV and 765kV transmission systems.
Financial Performance and Market Position
- Bajel Projects reported a trailing twelve-month revenue of 2,750.82 crore
- The company maintains a high promoter holding of 62.53 percent as of the latest filing
- Net profit for the latest quarter grew 60.13 percent on a year-on-year basis
- The stock is currently classified as a mid-range performer with a Piotroski score of 7
“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.”
| Share price | ₹191.32 |
|---|---|
| Market capitalisation | ₹2,213.51 Cr |
| Revenue (annual) | ₹2,791.58 Cr |
| Net profit (annual) | ₹20.28 Cr |
| Revenue (latest quarter) | ₹566.88 Cr-43.75% vs previous quarter |
| Net profit (latest quarter) | ₹4.73 Cr-66.52% vs previous quarter |
| P/E (TTM) | 100.37×Sector 58.64× |
| Promoter holding | 62.53%0.00% QoQ |
| FII holding | 0.53%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Bajel Projects Limited announcing the receipt of two significant orders from Power Grid Corporation of India Limited. Market figures from a third-party data provider.
