16 Mar , 2026 By : Debdeep Gupta
Bajel Projects share price advanced 10 percent on March 16 following the company secured more than Rs 700 crore ultra-mega order from MSETCL.
At 09:36am, Bajel Projects was quoting at Rs 154.80, up Rs 14.85, or 10.61 percent, on the BSE.
Maharashtra State Electricity Transmission Co. (MSETCL) on behalf of their SPV SASWAD TRANSMISSION has awarded a contract for establishment of 400/220 kV AIS Sub-Station.
The said contract is to be executed in 23 months from the date of issuance of Notification of Award
The project encompasses the complete turnkey EPC execution of the 400/220 kV Air Insulated Switchgear (AIS) substation at Saswad, Pune, including the design, supply, erection, testing and commissioning of the substation along with all associated transmission lines — covering civil, supply and ETC (Erection, Testing & Commissioning) components.
On March 10, the company signed a collaboration agreement with National Investment and Infrastructure Fund (NIIF), a sovereign-linked alternative asset manager anchored by the Government of India and AnantGrid Private Limited (Anantgrid), a power transmission developer promoted by NIIF.
In the previous trading session, the share closed at Rs 139.95, down Rs 5.35, or 3.68 percent.
The share 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.
Currently, the stock is trading 46.58 percent below its 52-week high and 1.41 percent above its 52-week low.
The market capitalisation of the company stands at Rs 1,790.82 crore.
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