Bajel Projects Shares Surge 11% Following Major Transmission Orders in MENA Region

Bajel Projects Sees 11% Surge as Company Secures Major Power Transmission Orders

On Wednesday, 29 April, small-cap stock Bajel Projects experienced a significant intraday advance of 11%, reaching a high of ₹200.35 per share. The company's stock price saw this boost after it secured multiple orders for Ultra Mega EPC projects in the Middle East & North Africa (MENA) region.

According to a recent exchange filing, Bajel Projects has been awarded a significant order for the construction of two contiguous sections of 500 kV overhead transmission lines. The project is valued at approximately ₹400 crore and is scheduled to be executed within 11 months from the commencement date. This project is part of a flagship national grid reinforcement programme aimed at strengthening the high-voltage backbone in the MENA region and enabling reliable power evacuation to support growing economic and industrial demand.

The company's Managing Director & CEO, Rajesh Ganesh, stated that winning these orders is a defining moment for Bajel Projects, reflecting global confidence in the company's engineering capability, project execution rigour, and ability to deliver complex high-voltage infrastructure in international markets. This order further consolidates Bajel Projects' position as a trusted international EPC partner in the high-voltage transmission segment, complementing its strong domestic order book and recent international wins.

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Bajel Projects' shares have staged a strong rebound in April, recovering 38% so far. This rebound brings much-needed relief for shareholders after the stock closed six out of the last eight months in the red. In terms of yearly performance, the stock delivered a negative return of 36% in 2025, following a multibagger 100% jump in 2024.

As a leading player in the power infrastructure business, Bajel Projects has a strong presence across the power transmission and power distribution sectors. The company was formerly part of Bajaj Electricals under the EPC segment and continues to be driven by the same values and operational legacy that guided its growth over the last two decades at Bajaj Electricals.