Shares of Bajel Tasks, a small-cap inventory with a market capitalisation of ₹2,100 crore, surged 17% in Thursday’s commerce, Might 14, reaching a six-month excessive, after the corporate introduced a number of order wins, additional strengthening its order e book and income visibility.
In separate regulatory filings, the corporate mentioned the orders had been awarded by Energy Grid Company of India on behalf of its particular function automobiles (SPVs), specifically NES Pune East New Transmission Restricted and Bellary Davanagere Energy Transmission Restricted.
The primary order pertains to Substation Contract SS137T for the development of a 765kV new AIS substation at Pune East, together with bay extension works at Karjat Substation and Lonikand II Substation. The second order pertains to Transmission Line Package deal TL-01 for the development of a 400kV Bellary-Davanagere quad double-circuit transmission line.
Each initiatives have been awarded below the EPC (Engineering, Procurement, and Development) phase and are categorized as home contracts. The execution timeline for each orders is 21 months from the date of issuance of the notification of award.
The corporate added that neither the promoter nor promoter group corporations have any curiosity within the awarding entities, and the transactions don’t fall below related-party transactions.
It additional acknowledged that the order worth for every venture is estimated to be between ₹200 crore and ₹300 crore”> ₹200 crore and ₹300 crore.
A number of transmission initiatives add to development momentum
The most recent order wins come shut on the heels of main contracts secured in late April, together with ultra-mega EPC orders for transmission traces from worldwide purchasers within the Center East and North Africa (MENA) area.
The abroad venture includes the development of two contiguous sections of 500kV overhead transmission traces and is valued at round ₹400 crore. The venture is scheduled to be executed inside 11 months from the graduation date.
In its regulatory submitting dated April 29, the corporate acknowledged that the venture types a part of a flagship nationwide grid reinforcement programme geared toward strengthening the high-voltage transmission spine within the MENA area and enabling dependable energy evacuation to help rising financial and industrial demand.
The corporate has secured a number of vital order wins in 2026. In mid-March, Maharashtra State Electrical energy Transmission Firm (MSETCL), by way of its SPV Saswad Transmission, awarded Bajel Tasks a ₹700 crore”>contract value ₹700 crore for the development of a 400/220kV AIS substation.
Earlier in March, the corporate entered right into a partnership settlement with Nationwide Funding and Infrastructure Fund (NIIF), an asset supervisor linked to the Authorities of India, and AnantGrid, an influence transmission platform backed by NIIF.
Bajel Tasks was previously a part of Bajaj Electricals below the EPC phase and continues to function with the identical values and operational legacy that guided its development over the past 20 years.
Bajel Tasks inventory efficiency
With at this time’s sharp rally, the inventory turned marginally constructive for Might, with positive aspects of round 1%. Though the inventory remained below sustained promoting strain for a protracted interval, it rebounded in April with a powerful 37% surge.
Whereas the inventory is making an attempt a restoration after a steep correction, it’s nonetheless buying and selling 43% under its report excessive of ₹330 apiece, touched in June 2024.
Disclaimer: We advise buyers to examine with licensed specialists earlier than making any funding selections.
