Bajel Projects bags ?major? EPC order for 400 kV transmission project
The project involves construction of a 400kV (Quad) double-circuit transmission line under the TL-01 package of the Bellary?Davanagere 2nd 400kV line scheme. It is part of a renewable energy evacuation system aimed at integrating 0.25 GW at Davanagere and 2.75 GW at Bellary into the national grid, with a line length of around 70 km connecting the Bellary Substation to the Davanagere Substation.
Bajel Projects said the project will be executed within 21 months from the date of issuance of the notification of award. The contract is a domestic EPC order, and the company confirmed that neither the promoter, promoter group, nor group companies have any interest in the awarding entity.
Rajesh Ganesh, Managing Director & CEO, Bajel Projects Limited, said, This major order win is a strong endorsement of Bajel's execution credentials in high-voltage transmission and our continued alignment with India's energy transition priorities. The Bellary?Davanagere corridor is a central transmission system for evacuation of renewable power from critical solar and wind zones in Karnataka. With every such order, Bajel reinforces its commitment to building the transmission infrastructure that will power a greener, more reliable India to the highest standards of safety and quality.
Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment.
The company reported a consolidated net loss of Rs 0.42 crore in Q3 FY26, compared with a net profit of Rs 1.46 crore posted in Q3 FY25. Revenue from operations declined 9.64% year-on-year to Rs 562.34 crore in the quarter ended 31 December 2025.
Shares of Bajel Projects (BPL) rose 2.12% to close at Rs 171.15 on the BSE.
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