Bajel Projects gains on major power contract

Shares of Bajel Projects hit 5% upper circuit after it bagged a large order valued between ₹100 cr-₹200 cr.

The deets: the large order is from a leading private player in the energy and power transmission sector.

The order encompasses two key components for the establishment of a 400kV GIS & 765kV AIS extension substation.

A 400kV GIS (Gas-Insulated Switchgear) section is a compact, enclosed setup that uses gas to safely manage high-voltage electricity (400,000 volts) in a smaller space.

Deal buzz: the company had secured an EPC contract last week, worth ₹400 cr from Power Grid Corporation for the extension of a transmission line and substation bay in Madhya Pradesh.