Bajel Projects shares rocket 14% after bagging largest ultra mega order worth Rs 700 crore
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Shares of Bajel Projects soared as much as 14% to their day’s high of Rs 160 on the BSE on Monday after it secured an ultra mega order worth over Rs 700 crore from Maharashtra State Electricity Transmission Company Limited (MSETCL) for the development of a 400/220 kV Air Insulated Switchgear (AIS) substation at Saswad in Pune district, along with associated transmission lines. The contract marks the largest single order won by the company in its power transmission business. The project involves the complete turnkey EPC execution of the 400/220 kV AIS substation at Saswad, Pune. The scope covers design, supply, erection, testing and commissioning of the facility, along with all related transmission lines. It also includes civil works and the full erection, testing and commissioning components required for the project. At the core of the project is the construction of a greenfield 2×500 MVA, 400/220 kV AIS substation at Saswad. The facility...