Bajel Projects Receives Large EPC Order From MPPTCL in Bhopal

Today, on March 25, 2025, Bajel Projects Limited informed the stock exchanges that it has received a large EPC (Engineering, Procurement and Construction) contract from Madhya Pradesh Power Transmission Corporation Limited (MPPTCL). The order is related to the construction of 132kV transmission infrastructure for the Bhopal Metro Rail Project.

As of 12:32 PM on March 25, 2025, Bajel Projects share price is trading at ₹177.59, up 0.82% for the day, 6.09% over the past 5 days, and 29.68% in the last 6 months.

Scope of Work

The contract includes the supply of materials and the full construction of 132kV DCDS (Double Circuit Double String) overhead and underground transmission lines. These will run from the 220kV Bairagarh Substation to RSS Karond, and from the 220kV Adampur Substation to RSS Ratnagiri Tiraha.

The work also involves the installation of 132kV feeder bays, switchyards, and 220kV, 160 MVA power transformers at the respective substations.

Timeline and Classification

The project is expected to be completed within 24 months from the date of the Notification of the Award. It has been classified as a “Large” order by the company, which means the contract value falls in the range of ₹100 crore to ₹200 crore, inclusive of GST, as per Bajel’s internal classification system.

The contract has been awarded by a domestic entity – MPPTCL. It is a domestic EPC order related to power transmission infrastructure.

Disclosure Details

The company confirmed that the order does not involve any related party transactions. None of the promoter, promoter group, or group companies of Bajel Projects has any interest in the entity that awarded the contract.

There has been no analyst view or commentary provided in relation to this development as of now.

Conclusion

This significant EPC win from MPPTCL further strengthens Bajel Projects Limited’s order book and demonstrates its continued traction in the power infrastructure sector.

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