Bajel Projects Limited , a leading player in the Power Transmission and Distribution (T&D) EPC sector and a Bajaj Group company, has secured a Major EPC order from PowerGrid Corporation of India Limited for the construction of a 400kV transmission line. The order, placed on behalf of M/s Bellary Davanagere Power Transmission Limited, is for Transmission Line package TL-01 under the Bellary Davanagere 2nd 400kV (Quad) D/c line project. The announcement was made via a regulatory disclosure on May 13, 2026.

Project Details

The project forms part of the transmission system strengthening initiative for the integration of renewable energy potential. It is designed to facilitate the evacuation of 0.25 GW of renewable power at Davanagere and 2.75 GW at Bellary. The scope of work involves the construction of approximately 70 kms of 400kV (Quad) D/c transmission line connecting the Bellary Substation to the Davanagere Substation. The project is classified as a domestic EPC contract and is expected to be completed within 21 months from the date of the issuance of the Notification of Award.

The table below summarises the key parameters of the awarded order:

Order Classification

The company categorizes the order as a 'Major' order based on its internal policy regarding project size inclusive of GST. The classification falls within the financial band of ₹200 crore to ₹300 crore. The disclosure confirmed that the promoter, promoter group, and group companies hold no interest in the entity awarding the order, and the transaction does not qualify as a related party transaction. The table below outlines Bajel Projects' internal order classification framework:

Strategic Significance

Rajesh Ganesh, Managing Director & CEO of Bajel Projects Limited, highlighted that the order win reinforces the company's execution credentials in high-voltage transmission and its continued alignment with India's energy transition priorities. He noted that the Bellary–Davanagere corridor is a central transmission system for evacuating renewable power from critical solar and wind zones in Karnataka. This addition to the order book underscores the company's engineering capability and focus on delivering mission-critical transmission infrastructure. Bajel Projects was formerly part of Bajaj Electricals Limited under the EPC segment and continues to be guided by the same values that shaped its growth over the last two decades.

Bajel Projects has been awarded two ultra-mega EPC orders cumulatively valued at Rs 400+ crore for constructing 500kV overhead transmission lines from an international client based in the Middle East and North Africa region. The orders, disclosed under Regulation 30 of SEBI Listing Regulations on April 29, 2026, cover Lot 1 and Lot 5 of the transmission line project.

Project Details

The secured contracts involve the construction of 500kV overhead transmission lines as part of a flagship national grid reinforcement programme aimed at strengthening the high-voltage backbone in the MENA region. The project timeline is set at 11 months from the commencement date.

Order Classification

The company categorizes project wins into specific financial bands. The ultra-mega category represents orders valued at Rs 400 crore and above, which is the highest classification in the company's policy.

Strategic Significance

Mr. Rajesh Ganesh, Managing Director & CEO of Bajel Projects Limited, stated that winning these orders reflects global confidence in the company's engineering capability and project execution rigour. The project strengthens Bajel Projects' footprint in the MENA region and complements its existing 50:50 joint venture with the Al Sharif Group in the Kingdom of Saudi Arabia.

The company confirmed that none of the promoters, promoter group, or group companies have any interest in the entity that awarded the orders, and the contracts do not fall within related party transactions.