Synopsis:
Nippon India Mutual Fund increased its stake in Bajel Projects Limited by 1.73%, rising from 5.66% to 7.39% after acquiring 19.98 lakh shares through open market purchases.
This Bajaj Group Power Transmission Stock, engaged in engineering, procurement, and construction (EPC) services for power transmission, power distribution, and infrastructure projects with a strong presence in India and internationally, hit a 5 percent upper circuit after a Nippon India Mutual Fund bought a 1.73 percent stake in the Company
With a market capitalization of Rs. 2,463.30 crores, the shares of Bajel Projects Limited hit a 5 percent upper circuit of Rs. 213.05 per share on Monday, up from its previous closing price of Rs. 202.95 per share.
What is the news?
Nippon India Mutual Fund, managed by Nippon Life India Asset Management Ltd., has increased its stake in Bajel Projects Limited through open market purchases. The Mutual fund bought an additional 19.98 lakh shares, which raised its overall ownership in the company to 7.39 percent of the total equity capital. This marks an increase of 1.73 percent in its overall shareholding.
Before this acquisition, the Nippon India Mutual Fund held 65.48 lakh shares, representing a 5.66 percent stake in Bajel Projects Limited. After purchasing the new shares, the total holding now stands at 85.47 lakh shares, which accounts for 7.39 percent of the company’s equity shareholding.
Previous Bulk Deal
On September 11, 2025, HDFC Mutual Fund sold 12.5 lakh shares at Rs. 195.14 and 9.46 lakh shares at Rs. 195.25 of Bajel Projects, totaling about Rs. 42.87 crore, further cutting down its stake significantly.
Additionally, on September 10, 2025, HDFC Mutual Fund sold 10 lakh shares at Rs. 195 and 8.93 lakh shares at Rs. 195.01 of Bajel Projects, earning about Rs. 36.92 crore. Adding both days, the total sales are worth nearly Rs. 79.79 crore.
Order Book
As of June 30, 2025, the company reported an order book of Rs. 3,612 crore, with 92 percent coming from power transmission projects, including international EPC, and the remaining 8 percent from power distribution (excluding supply orders).
Between March 1 and June 30, 2025, the order book rose from Rs. 2,984 crore to Rs. 3,612 crore, reflecting a strong 21.05 percent growth driven by rising demand in transmission and distribution solutions.
Client base
Bajel Projects Limited serves a wide range of clients, including leading power utilities, government bodies, and private companies. Its key customers include Power Grid, Tata Power, Adani, Torrent Power, MAHATRANSCO, and state utilities like GETCO, WBSETCL, PSPCL, and KPTCL, along with international clients such as ZESCO, Kenya Power, and PESCO.
Company Overview
Bajel Projects Limited was established in 2022 and is an Engineering, Procurement, and Construction (EPC) company focused on power infrastructure, with expertise in Power Transmission and Power Distribution projects. The company was carved out from Bajaj Electricals Limited and functions as part of the renowned Bajaj Group, carrying forward its legacy in infrastructure development.
With over 20 years of combined EPC and manufacturing experience, Bajel Projects has expanded its presence to more than 7 countries. As of June 30, 2025, the company reported production of 11,508 MTPA and a supported by 782 employees.
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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