Bajel Projects Secures INR 400 Crore Transmission Line Order
Filing Summary
Bajel Projects Limited has secured an “Ultra Mega” order valued at over INR 400 Crore from PowerGrid Corporation of India Limited. The contract involves constructing a 765 kV transmission line over 87.3 km, aimed at strengthening the inter-regional power transmission system. The project is scheduled for completion within 21 months from the award notification. This order does not involve any related party transactions. Bajel Projects continues to expand its presence in the power transmission sector, focusing on high-voltage infrastructure projects.
Bajel Projects Limited has announced the acquisition of an “Ultra Mega” order exceeding INR 400 Crore. The order was awarded by PowerGrid Corporation of India Limited on behalf of their special purpose vehicle, Vindhyachal Varanasi Transmission Limited. The project involves the construction of a 765 kV double-circuit transmission line, designated as Transmission Line Package TL02, between Vindhyachal Pool and Prayagraj.
The financial terms of the order classify it as an “Ultra Mega” project, indicating a value of INR 400 Crore and above. The order is part of Bajel Projects’ strategy to focus on high-capacity transmission infrastructure. The project does not involve any related party transactions, and none of the promoter or promoter group companies have any interest in the awarding entity.
The scope of work includes the construction of an 87.3 km long 765 kV transmission line. This line is a critical component of the “Inter-regional (NR-WR) Transmission System strengthening” initiative. The project aims to relieve the loading on the existing 765 kV Vindhyachal-Varanasi double-circuit line. The contract is an Engineering, Procurement, and Construction (EPC) contract for power transmission line works, emphasizing Bajel Projects’ capabilities in handling high-voltage infrastructure projects.
The project is part of a broader effort to enhance India’s power transmission capabilities, ensuring a more resilient and balanced exchange of power between the Northern and Western Grids. This initiative is crucial for maintaining the stability and efficiency of India’s inter-regional power flow. The project aligns with Bajel Projects’ strategic focus on expanding its footprint in the ultra-high voltage segment of the power transmission sector.
The timeline for the project is set at 21 months from the date of issuance of the Notification of Award. The project is a domestic undertaking, with all activities to be carried out within India. The contract was awarded by a domestic entity, reinforcing Bajel Projects’ strong presence in the Indian power infrastructure market.
PowerGrid Corporation of India Limited is a leading entity in the power transmission sector, responsible for planning, coordination, supervision, and control over complete inter-state transmission systems. The corporation plays a pivotal role in the development of India’s power infrastructure, focusing on enhancing the efficiency and reliability of power transmission.
Bajel Projects Limited is a prominent company in the power infrastructure sector, with a strong emphasis on power transmission and distribution. Formerly part of Bajaj Electricals Limited, Bajel Projects leverages its project management skills and operational excellence to deliver high-quality infrastructure solutions. The company continues to focus on expanding its capabilities in the high-voltage EPC domain, aiming to be a preferred partner for both national and international utilities.