In Tuesday’s trading session, shares of one of the leading players in the infrastructure sector, specializing in the execution of complex projects related to power transmission and distribution, jumped up to 7 percent upon receiving work order from Adani Energy Solutions Limited (AESL) for the construction of 400KV D/C Raipur-Tiroda Transmission Lines.
Price action
With a market capitalization of Rs. 2,655.47 crores on Tuesday, the shares of Bajel Projects Limited is trading at Rs. 237.75 up by 7 percent making a high of Rs. 246 per share compared to its previous closing price of Rs. 230 per share.
What Happened
Bajel Projects, specializing in the execution of complex projects related to power transmission and distribution, has secured a supply of Goods and Services contract from Adani Energy Solutions Limited (AESL).
The contract is for the construction of 400KV D/C Raipur-Tiroda Transmission Lines in Chhattisgarh and Maharashtra. The project, involving 217 km of new transmission line, is an EPC contract with a duration of 18 months from the issuance of the Letter of Award. This contract marks a significant achievement for Bajel Projects in the transmission infrastructure sector.
About the Company
Bajel Projects Limited is a leading infrastructure company that specializes in the execution of high-quality and complex projects, primarily in the power transmission and distribution sectors, with a strong focus on Engineering, Procurement, and Construction (EPC) services.
Bajel Projects offers end-to-end solutions for the design, development, and maintenance of power transmission lines, substations, and related infrastructure. The company’s expertise spans various stages of project execution, including planning, procurement of materials, civil construction, electrical work, and commissioning.
Shareholding Pattern
The ownership structure of Bajel Projects Limited is as follows: the promoters hold 62.61 percent, Foreign Institutional Investors (FIIs) own 0.49 percent, Domestic Institutional Investors (DIIs) control 8.30 percent and the public holds 28.59 percent.
Financials
The company’s revenue rose by 230 percent from Rs 202.11 crore to Rs 667.56 crore in Q2FY24-25. Meanwhile, Net profit rose from a loss of Rs 4.44 crores to a profit Rs 3.66 crore during the same period.
Key Financial ratios
Bajel Projects Limited has an Return on Equity (RoE) of 4.38 percent and a Return on Capital Employed (RoCE) of 8.67 percent. Furthermore, the company’s debt-to-equity ratio is 0.32.
Written by Sridhar J
