Bajel Projects (BPL) jumps after bagging major EPC order

Bajel Projects (BPL) rose 1.52% to Rs 159.95 after the company secured a major EPC order worth over Rs 200 crore for 220kV Gas Insulated Switchgear (GIS) substations at Salsette and Powai in Mumbai.

According to the company?s internal classification, the order falls in the Rs 200?Rs 300 crore ?major orders? category.

The project involves the supply and installation of a 220kV GIS at the Salsette receiving station and a 220kV outdoor GIS substation at the Powai receiving station. The two substations are expected to strengthen Mumbai?s transmission network by adding capacity and improving reliability amid rising power demand and limited land availability.

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?s net profit rose 59.80% to Rs 4.73 crore in Q1 FY27 from Rs 2.96 crore in Q1 FY26. However, sales declined 7.11% to Rs 558.63 crore from Rs 601.36 crore during the corresponding quarter of the previous year.

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