Bajel Projects gains on bagging mega order for GIS substation in Mumbai
The contract has been awarded by a domestic entity and qualifies as a Mega Order as per the company?s classification policy (Rs 300 cr to Rs 400 cr).
The scope of work comprises EPC execution of the said substation, with an execution period of 24 months from the commencement date.
The promoter/promoter group/group companies do not have any interest in the awarding entity, and the transaction does not fall under related party transactions and is being undertaken at arm?s length basis.
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.
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