Shares of Bajel Tasks Ltd rallied 5% to hit a day’s excessive of Rs 251.20 on ninth July, after the corporate introduced a significant capability enlargement at its Ranjangaon facility in Maharashtra, aiming to almost triple its galvanisation output over the following two years.
The agency plans to spice up its galvanisation capability from 40,500 MT to 1,10,000 MT per 12 months at its Ranjangaon facility. This enlargement will happen in phases between This fall FY26 and This fall FY27. It should value Rs 170 crore and might be funded by means of inner accruals and debt.
The transfer comes because the unit is working at 98% capability. The corporate goals to fulfill rising in-house demand and faucet into rising gross sales in each home and world markets.
Final week, Bajel Tasks additionally introduced a ‘mega’ order price Rs 300–400 crore for a 400 kV transmission line mission. This order covers the Siwani-Jind TL04 bundle beneath the Bikaner REZ Section IV transmission system. It was awarded by Energy Grid by means of aggressive bidding.
The contract entails constructing a 99 km 400 kV transmission line inside 18 months. This might be achieved beneath an engineering, procurement, and development (EPC) mannequin.
At 11:49 AM, the shares of Bajel Tasks have been locked within the 5% higher circuit at Rs 251.20 on NSE.
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