Shares of Bajel Tasks Ltd have been caught at 5% higher circuit on 25 June after the corporate acquired a giant order of Rs 100-200 crore from a number one personal operator within the power and energy transmission sectors.
The order included two key elements for the institution of a 400kV GIS & 765kV AIS extension substation, with the primary a part of the order involving the provision of all of the EHV gear with necessary spares, instruments, tackles, and auxiliaries, and the second element masking the service orders for ETC (Erection, Testing, and Commissioning) and Civil works of all of the supplies/gear and auxiliaries.
Rajesh Ganesh, MD & CEO of Bajel Tasks, mentioned, “We’re extraordinarily happy to safe this massive order from a outstanding personal participant within the power and energy transmission sector. This mission underscores our sturdy capabilities in delivering massive‐scale substation infrastructure. It displays the belief our shoppers place in our experience and dedication to high quality.”
Earlier on 23 June, Energy Grid Company of India awarded the corporate an EPC contract price greater than Rs 400 crore for transmission line and substation bay extension works in Madhya Pradesh on behalf of its particular goal automobile (SPV) MEL Energy Transmission.
The aforementioned mission is scheduled to be completed inside 29 months.
At 12:52 pm, the shares of Bajel initiatives have been locked 5% larger at Rs 233.64 on NSE.
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