Bajel Projects Secures INR 100-200 Cr Transmission Line Order
Filing Summary
Bajel Projects Limited has secured a significant order for the extension of the Mandsaur Pooling Station, valued between INR 100 Cr and INR 200 Cr. The contract, awarded by PowerGrid Corporation of India Limited, involves extending the 765/400/220kV substation under the “Augmentation of Transformation Capacity” initiative. The project is expected to be completed within 18 to 30 months. This order is classified as a “Large” order under Bajel’s internal policy. The project aims to enhance renewable energy interconnection through the Tariff Based Competitive Bidding route.
Bajel Projects Limited has announced the receipt of a significant order for the extension of the Mandsaur Pooling Station. The order, valued between INR 100 Cr and INR 200 Cr, falls under the “Large” category according to the company’s internal classification. The contract was awarded by PowerGrid Corporation of India Limited on behalf of the SPV “MANDSAUR I RE TRANSMISSION LIMITED”. This development is part of the “Augmentation of Transformation Capacity and Implementation of line bays at Mandsaur for RE interconnection” initiative.
The financial terms of the order classify it as a “Large” order, with a value ranging from INR 100 Cr to INR 200 Cr. This classification includes GST as per the company’s policy. The order does not involve any related party transactions, and none of the promoter or promoter group companies have any interest in the awarding entity. The project is structured as an EPC contract for substation bay extension works.
The scope of the project involves the extension of the existing 765/400/220kV Mandsaur Pooling Station. The technical designation for this contract is the 765kV AIS Extn. Substation Package SS 108T. The project is being executed through the Tariff Based Competitive Bidding (TBCB) route. The extension aims to enhance the transformation capacity and facilitate renewable energy interconnection at the Mandsaur site.
The project is part of a broader strategy to augment India’s renewable energy infrastructure. It aligns with the Union Budget 2026-27, which emphasizes power sector reforms and increased capital expenditure for transmission infrastructure. This initiative is crucial for integrating renewable energy into the national power grid, supporting India’s target of achieving 500GW of renewable energy capacity.
The timeline for the project is set between 18 to 30 months from the issuance of the Notification of Award. The project will be implemented by Bajel Projects Limited, with PowerGrid Corporation of India Limited acting as the awarding entity. The project is domestic in nature, focusing on enhancing the existing infrastructure at the Mandsaur site.
PowerGrid Corporation of India Limited is a key player in the power transmission sector, responsible for the planning, implementation, and maintenance of inter-state transmission systems. The corporation plays a significant role in India’s power sector, facilitating the integration of renewable energy sources into the national grid.
Bajel Projects Limited is a prominent entity in the power infrastructure sector, specializing in power transmission and distribution. Formerly part of Bajaj Electricals Limited, Bajel Projects focuses on project management and operational excellence. The company is recognized for its expertise in executing high-voltage infrastructure projects, making it a preferred partner for various utilities and infrastructure players.