Synopsis:
HDFC Mutual Fund offloaded stakes worth Rs. 43 crore in Bajel Projects via bulk deals on September 11, 2025, selling shares worth nearly ₹79.79 crore over two days, indicating reduced long-term interest.
This Small-cap Power transmission stock, engaged in providing Engineering, Procurement, and Construction services for power transmission and distribution projects, including design, manufacturing, installation, and commissioning, jumped 4 percent after Mutual Fund sold a stake worth Rs. 43 crore in the Company.
With a market capitalization of Rs. 2,310.68 crores, the share of Bajel Projects Limited has reached an intraday high of Rs. 201.75 per equity share, rising nearly 4.37 percent from its previous day’s close price of Rs. 193.30. Since then, the stock has retreated and is currently trading at Rs. 197 per equity share.
What is the news?
On September 11, 2025, HDFC Mutual Fund sold a big stake through two bulk deals in the company. In the first deal, it sold 12.5 lakh shares at an average price of Rs. 195.14 each, and in the second, it sold 9.46 lakh shares at Rs. 195.25 each. Together, the sales are worth about Rs. 42.87 crore.
Previous Block deal
Additionally, HDFC Mutual Fund has also sold a significant stake in Bajel Projects Limited through two bulk deals on September 10, 2025. In the first transaction, HDFC Mutual Fund offloaded 10 lakh shares at an average price of Rs. 195 per share.
The second deal involved selling 8.93 lakh shares at Rs. 195.01 each. The total amount from these sales is approximately Rs. 36.92 crore. Adding both days, the total sales are worth nearly Rs. 79.79 crore.
Order Book
As of 30th June 2025, the company’s order book stands at Rs. 3,612 crores, with 92 percent attributed to Power Transmission, including international EPC, and 8 percent to Power Distribution, excluding supply orders.
From 1st March to 30th June 2025, the order book grew from Rs. 2,984 crores to Rs. 3,612 crores, indicating robust business growth. This 21.05 percent increase highlights increasing demand for power transmission and distribution solutions
Company Overview
Bajel Projects Limited was established in 2022 and is an Engineering, Procurement, and Construction (EPC) company specializing in power infrastructure, particularly in Power Transmission and Power Distribution segments. It was carved out from Bajaj Electricals Limited and operates as part of the Bajaj Group.
The company offers end-to-end solutions, including in-house design, testing, procurement, manufacturing, installation, and commissioning of power transmission and distribution projects. Bajel Projects has a manufacturing facility at Ranjangaon MIDC, Pune, and serves major clients like Power Grid Corporation of India Limited, Tata Power, Torrent Power, Adani Energy Solutions, several state power companies, and international customers.
Recent quarter results
Coming into financial highlights, Bajel Projects Limited’s revenue has increased from Rs. 512.01 crore in Q1 FY25 to Rs. 607.64 crore in Q1 FY26, which has grown by 18.68 percent. The net profit has decreased by 46.38 percent from Rs. 5.52 crore in Q1 FY25 to Rs. 2.96 crore in Q1 FY26.
In terms of return ratios, the company’s ROCE and ROE stand at 12.1 percent and 2.50 percent, respectively. Bajel Projects Limited has an earnings per share (EPS) of Rs. 1.34, and its debt-to-equity ratio is 0.21x.
Written By – Nikhil Naik
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