Bajel Projects | Stock Performance Analysis

Bajel Projects Wins Major Contract for Power Transmission Line in Gujarat

Highlighting Bajel Projects’ recent contract win, and their pivotal role in advancing India’s renewable energy goals through a major transmission line project, emphasizing job creation and grid stability in Gujarat.

Bajel Projects, a prominent player in the Indian power transmission sector, has recently been awarded a significant contract by Power Grid Corporation of India Limited (POWERGRID). The contract, valued at Rs 358.43 crores, is for the supply of goods and services associated with the transmission line package LTU1. This development solidifies Bajel Projects’ position as a leading player in the industry.

Project Details

Project Name: Supply of Goods and Services contract for Transmission Line Package TL01 for Halvad-Vataman 765 KV D/c line Part -I associated with ‘Transmission system for evacuation of additional 7 GW RE power from Khavda RE park under Phase-III Part B’ through TBCB route.

Client: Power Grid Corporation of India Limited (POWERGRID) on behalf of their project specific SPV i.e. M/s Vataman Transmission Limited.

Location: Halvad-Vataman, Gujarat

Scope of Work: Design, engineering, procurement, supply, manufacturing, testing, transportation, erection, testing & commissioning of 765kV new transmission line for a length of 81 km.

Completion Period: 21 Months from the date of issuance of notification of award.

Significance of the Project

This project is crucial for the evacuation of additional 7 GW RE power from the Khavda RE Park in Gujarat, aligning with India’s ambitious target of achieving 40% of its power generation capacity from renewable energy sources by 2030. This project signifies a significant step towards achieving this goal.

Benefits for Bajel Projects

Winning this contract is a major boost for Bajel Projects. It will not only strengthen their order book but also provide them with a steady stream of revenue over the next 21 months. Furthermore, this project will help Bajel Projects enhance its expertise in executing large-scale power transmission projects.

The scrip on NSE is trading at Rs 190.75 (+4.98%), locked in the upper circuit.


The award of this contract is a positive development for Bajel Projects and the Indian power sector as a whole. It underscores the growing importance of renewable energy in India and highlights Bajel Projects’ role in supporting the country’s clean energy transition.

Additional Insights

  • The project is expected to create job opportunities in the region, contributing to local economic development.
  • Successful completion of the project will improve the reliability and stability of the power grid in Gujarat.
  • This project exemplifies successful collaboration between the government and the private sector to achieve India’s renewable energy goals.

In conclusion, Bajel Projects’ latest contract win is not just a milestone for the company but also a testament to the significant strides India is making towards a cleaner and more sustainable energy future.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.