This small-cap stock engaged in power transmission, distribution, and EPC projects, delivering high-quality infrastructure solutions, including substations, transmission lines, and data center power systems, jumped 3 percent after receiving an order worth up to Rs. 200 crore from Madhya Pradesh Power Transmission Corporation Limited (MPPTCL) for transmission lines in Bhopal.
Stock Price Movement:
With a market capitalization of Rs. 2,063.51 crores, the share of Bajel Projects Limited has reached an intraday high of Rs. 181 per equity share, rising nearly around 3.10 percent from its previous day’s close price of Rs. 175.55. Since then, the stock has retreated and is currently trading at Rs. 178.50 per equity share.
What Happened:
Bajel Projects Limited has received a significant EPC order from Madhya Pradesh Power Transmission Corporation Limited (MPPTCL) for the construction of 132kV transmission lines in Bhopal. The project includes overhead and underground transmission lines, monopoles, lattice structures, substation feeder bays, and the installation of 220 kV and 160 MVA power transformers.
This work is essential for supplying power to the Bhopal Metro Rail Project. The contract is valued at up to Rs. 200 crore and must be completed within 24 months. There is no involvement of promoter group companies, and it does not qualify as a related party transaction.
Order Book:
Bajel Projects Limited is rapidly growing with an expanding order book. Their unexecuted orders have increased significantly, reaching Rs. 3,598 crores in FY24.
As of December 31, 2024, they hold Rs. 2,792 crores in pending orders, mainly in power transmission. Recent wins include major contracts for a 765kV transmission line, a data center power project, and a 400/220kV substation.
Clientele:
Bajel Projects Limited is trusted by leading power and transmission companies, including Power Grid, Tata Power, Mahatransco, PSPCL, WBSETCL, and Kenya Power. Their strong client base reflects reliability in delivering quality power infrastructure solutions globally.
Recent quarter results:
Bajel Projects Limited’s revenue has increased from Rs. 275.08 crore in Q3 FY24 to Rs. 622.39 crore in Q3 FY25, which has grown by 126.26 percent. The net profit has decreased by 56.55 percent from Rs. 3.36 crore in Q3 FY24 to Rs. 1.46 crore in Q3 FY25.
Written By – Nikhil Naik
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