Bajaj Group co Bajel Projects bags order from Solapur Transmission – CNBC TV18

Bajel Projects Ltd said on Thursday (December 12) it has been awarded a supply of goods and services contract by Solapur Transmission Ltd, a project company of Torrent Power Ltd, for the establishment of a new 400/220 KV Solapur substation in Maharashtra.

“…we wish to inform you that the company has been awarded a supply of Goods and Services contract by M/s Solapur Transmission Limited, (Project SPV company of Torrent Power Ltd),” Bajel Projects said in a regulatory filing.

The contract includes design, engineering, manufacturing, supply, erection, civil work, testing, and commissioning for the 400/220 KV substation and the establishment of two 400 KV line bays at Power Grid Solapur. The project is expected to be completed within 15 months from the issuance of the letter of award (LoA).

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Bajel Projects reported a profit after tax of ₹3.66 crore in the September 2024 quarter on account of higher revenues. It posted a loss of ₹4.44 crore in the July-September quarter of the preceding 2023-24 fiscal.

The company’s revenue from operations rose to ₹662.41 crore against ₹199.96 crore in the second quarter of the last fiscal. A Bajaj Group company, Bajel Projects Ltd has a strong presence in the power transmission and distribution sectors.

Shares of Bajel Projects Ltd ended at ₹244, down by ₹6.95, or 2.77%, on the BSE.

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