Bajel Projects Limited has officially announced the acquisition of two significant international orders for the construction of 500 kV overhead transmission lines. These awards, classified by the company as “Ultra-Mega” orders, were received from an international client based in the Middle East and North Africa (MENA) region. The project involves the engineering, procurement, and construction (EPC) of two contiguous sections (Lot 1 & 5) of the transmission corridor. The company expects to complete the project within 11 months from the commencement date.

The cumulative value of these international contracts exceeds ₹400 Crores, placing them in the highest financial band under the company’s internal classification policy. This flagship project is a core component of a national grid reinforcement program designed to strengthen the high-voltage backbone in the MENA region. According to the Managing Director and CEO, Mr. Rajesh Ganesh, this win represents a defining moment for the company, reinforcing its footprint in international markets and highlighting global confidence in its engineering capabilities for complex high-voltage infrastructure.

Bajel Projects Limited is a leading EPC player in the power transmission and distribution sectors. Formerly a part of Bajaj Electricals Limited before being demerged, the company continues to operate under the values of the Bajaj Group. In 2025, the company secured several major domestic contracts, including a transmission line project for Adani Energy in January and a significant order from PowerGrid Corporation of India (PGCIL) in June. To support its growing order book, the company announced plans in July 2025 to expand its galvanizing capacity with a ₹170 Crore investment to be executed through FY27. Furthermore, the company has strengthened its MENA presence through a 50:50 joint venture with the Al Sharif Group in Saudi Arabia.

For the quarter ended December 31, 2025 (Q3 FY26), Bajel Projects reported a total income of ₹567.21 Crores, reflecting a Year-over-Year (YoY) decline of 9.9% from ₹629.83 Crores in Q3 FY25. On a Quarter-on-Quarter (QoQ) basis, revenue fell 8.6% from ₹620.81 Crores. The company faced significant profitability pressure, recording a net loss of ₹0.42 Crores for the quarter, compared to a profit of ₹3.60 Crores in the previous quarter and ₹1.46 Crores in the same quarter of the previous year. As of March 2026, the promoter holding stands at 62.53%, with Mutual Funds holding approximately 9.52% of the company’s shares. Institutional interest remains steady, though specific “famous” individual investors were not identified in the recent filings.