By Admin 
Bajaj Group Shares: Bajel Projects Ltd, a power transmission and distribution infrastructure company, has received orders worth up to Rs 200 crore from Power Grid Corporation of India Limited (PGCIL). Due to this, shares of this company of power transmission and distribution (T&D) EPC sector remained in focus during the trading session on Friday.
On this day, shares of Bajaj Projects were seen trading in the red at Rs 164.15 on BSE, whereas its previous closing was at Rs 170. This company with a market cap of Rs 1890 crore has given negative returns of more than 27 percent in one year and has declined by about 33 percent in the last six months. After receiving this big order of Rs 200 crore, its stock is likely to rise.
Details of orders received by the company
According to the information given in the latest regulatory filing, the company has received a big order worth up to Rs 200 crore from Power Grid Corporation of India Limited (PGCIL), which has been given by SPV Mandsaur I RE Transmission Limited. This project is going to be completed within 18 to 30 months from the issue of notification of award.
The contract awarded to the company includes the 765 kV AIS Extension Substation Package, which is for the expansion of 765/400/220 kV Mandsaur Power Station. Its objective is to increase transformation capacity and enable renewable energy interconnection under the TBCB route.
Q3 results of FY26
There was a decline in the operational revenue of Bajaj Projects in the third quarter of the financial year 2026, which decreased from Rs 622.4 crore in the third quarter of FY25 to Rs 562.3 crore in the third quarter of FY26. That means there has been a decline of about 10 percent on an annual basis. Meanwhile, the company suffered a net loss of Rs 0.42 crore against a net profit of Rs 1.46 crore. The company reported an order book of Rs 2912 crore in December 2025, which shows a steady decline of about 14 percent from the order book of Rs 3375 crore in the same quarter last year.
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