Bajel Projects Forms JV with Al Sharif for Saudi Infrastructure
Filing Summary
Bajel Projects Limited has entered a Joint Venture (JV) with Al Sharif Contracting and Commercial Development Company, a part of Al Sharif Group Holdings, to undertake Engineering, Procurement, and Construction (EPC) projects in Saudi Arabia. The JV focuses on high voltage and extra high voltage infrastructure, including overhead transmission lines, substation packages, and underground cabling projects. This collaboration aligns with Saudi Arabia’s Vision 2030, emphasizing grid modernization and renewable energy integration. The partnership combines Bajel’s technical expertise with Al Sharif’s regional experience to support infrastructure development in the Kingdom.
Bajel Projects Limited has announced a Joint Venture (JV) agreement with Al Sharif Contracting and Commercial Development Company, a subsidiary of Al Sharif Group Holdings. This JV is designed to engage in Engineering, Procurement, and Construction (EPC) activities within Saudi Arabia. The collaboration aims to leverage both companies’ strengths to address the growing infrastructure needs in the region.
The financial terms of the JV have not been disclosed in the filing. The agreement establishes an equal partnership between Bajel Projects Limited and Al Sharif Contracting and Commercial Development Company. The focus will be on high voltage and extra high voltage infrastructure projects. These projects include overhead transmission lines, substation packages, and underground cabling projects. The JV is structured to capitalize on the infrastructure transformation initiatives currently underway in Saudi Arabia.
The operational scope of the JV encompasses the execution of high voltage and extra high voltage infrastructure projects. This includes the construction of overhead transmission lines, substation packages, and underground cabling projects. The JV aims to support Saudi Arabia’s Vision 2030, which emphasizes grid modernization, renewable energy integration, and inter-regional connectivity. By combining Bajel’s technical expertise in extra high voltage execution with Al Sharif’s regional market presence, the partnership seeks to effectively execute these projects.
The market context for this JV is driven by Saudi Arabia’s Vision 2030, which involves significant investments in infrastructure development. The Kingdom is focusing on grid modernization and renewable energy integration to support its industrial and urban growth. The JV is positioned to contribute to these initiatives by providing expertise in high voltage and extra high voltage infrastructure projects.
The timeline for the implementation of the JV projects has not been specified in the filing. The agreement marks a strategic move for Bajel Projects Limited as it expands its operations beyond India. The partnership with Al Sharif Contracting and Commercial Development Company is expected to facilitate the execution of complex infrastructure projects in Saudi Arabia.
Al Sharif Contracting and Commercial Development Company is part of Al Sharif Group Holdings, a multibillion-dollar business group operating in Saudi Arabia and internationally. The group has been instrumental in infrastructure development in the Kingdom for the past 40 years, with interests in contracting, manufacturing, hospitality, renewable energy, electric mobility, and energy efficiency.
Bajel Projects Limited is a prominent entity in the power infrastructure sector, focusing on power transmission and distribution. Formerly part of Bajaj Electricals Limited, Bajel Projects is recognized for its project management capabilities and operational excellence. The company is a preferred partner for various state, national, and international utilities and private infrastructure players.