Bajaj Projects Secures Major Contract Worth Over Rs 700 Crore from MSETCL

Bajel Projects Share Price in Focus Following Rs 700 Crore Ultra-Mega Order

On March 16, Bajel Projects will be in the spotlight as the company has secured a significant contract from Maharashtra State Electricity Transmission Co. (MSETCL). MSETCL has awarded a contract to SASWAD TRANSMISSION, a Special Purpose Vehicle (SPV), for the establishment of a 400/220 kV Air Insulated Switchgear (AIS) substation at Saswad, Pune. The contract value exceeds Rs 700 crore, with a completion timeline of 23 months from the date of issuance of the Notification of Award.

The project involves the complete turnkey Engineering, Procurement, and Construction (EPC) execution of the substation, including design, supply, erection, testing, and commissioning. This contract is a significant milestone for Bajel Projects, given the company's focus on power transmission and infrastructure development.

In related news, Bajel Projects has also entered into a collaboration agreement with National Investment and Infrastructure Fund (NIIF) and AnantGrid Private Limited (Anantgrid) on March 10. NIIF, a sovereign-linked alternative asset manager, has partnered with Anantgrid, a power transmission developer, to promote infrastructure development in India.

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Market Performance

In the previous trading session, Bajel Projects share closed at Rs 139.95, down Rs 5.35, or 3.68 percent. The share has touched a 52-week high of Rs 262 and a 52-week low of Rs 138 on 18 July, 2025, and 13 March, 2026, respectively. The stock is currently trading 46.58 percent below its 52-week high and 1.41 percent above its 52-week low. The market capitalisation of Bajel Projects stands at Rs 1,619.03 crore.