Bajel Projects Ltd announced on Monday that it has won a ₹1,500 crore contract for engineering, procurement and construction of 765 kV double‑circuit transmission lines in Gujarat, the biggest order the firm has ever taken on. The project covers roughly 270 km of lines between Halvad and Vadodara and includes work at three substations, with a 36‑month completion timeline.
The contract is part of the Common Transmission System designed to evacuate nearly 14 GW of renewable power from Lakadia, Jam Khambhaliya and Jamnagar. By linking high‑potential zones to the national grid, the project supports India’s target of 500 GW non‑fossil fuel capacity by 2030.
Bajel is a 26% partner in the special purpose vehicle AGPOPL, with the National Investment and Infrastructure Fund holding the remaining 74%. The consortium won the tariff‑based bid in August 2026, and the order is classified as an ultra‑mega project under Bajel’s internal policy, which thresholds at ₹400 crore.
CEO Rajesh Ganesh said the deal “reflects the strength of our execution capabilities, technical expertise and the trust placed in us by stakeholders.” He added that the dual role of EPC contractor and project developer positions Bajel to capture both construction and development upside, potentially raising the firm’s Q4 revenue outlook.
Shares of Bajel Projects were trading on the NSE earlier today, and market observers noted a modest uptick in the stock following the announcement. Investors are now looking to the company’s next earnings release to gauge the immediate impact on top‑line growth.