Bajel Projects has formalised an agreement with the Egyptian Electricity Transmission Company (EETC) for the construction of two contiguous sections of a 500 kV Overhead Transmission Line (OHTL) in Cairo, Egypt. The combined order value is over ₹400 crore and falls under the ultra-mega category, forming part of a flagship national grid reinforcement programme aimed at strengthening Egypt's high-voltage transmission backbone and enabling reliable power evacuation to support the country's growing economic and industrial demand.

Key Order Details

The following table summarizes the key parameters of this landmark order:

Strategic Significance

The agreement was signed by Mr. Rajesh Ganesh, Managing Director & CEO, Bajel Projects Limited, in the presence of H.E. Mr. Suresh K. Reddy, Ambassador of India to the Arab Republic of Egypt. The ceremony was also attended by Eng. Mona Rezk, Chairman, EETC, and Eng. Ahmed Fathy, Head of Central Projects Sector, EETC.

Mr. Rajesh Ganesh stated that being entrusted with a 500 kV transmission corridor in the MENA region reflects global confidence in the company's engineering capability and project execution rigour. This project strengthens Bajel Projects' footprint in the MENA region, complementing its domestic order book and recent international wins, including a 50:50 joint venture with the Al Sharif Group in Saudi Arabia and a subsidiary in Abu Dhabi, UAE.

Bajel Projects Limited has incorporated a wholly owned subsidiary, BAJEL T AND D PROJECTS AND CONTRACTING - L.L.C - S.P.C, in Abu Dhabi, United Arab Emirates, on July 18, 2026. This strategic expansion aims to strengthen the company's presence in the Middle East and undertake Engineering, Procurement and Construction (EPC) projects. The subsidiary will focus on power transmission, power distribution, substations, and electrical infrastructure sectors within the region.

Subsidiary Incorporation Details

The subsidiary was incorporated with an issued share capital of AED 100,000, which will be subscribed entirely by Bajel Projects Limited in accordance with applicable UAE laws. As a newly incorporated entity, the subsidiary has no existing turnover or operational history. The incorporation has received all necessary approvals from the competent authorities in the Emirate of Abu Dhabi and the United Arab Emirates.

The following table summarises the key details of the newly incorporated subsidiary:

Regulatory and Related Party Classification

BAJEL T AND D PROJECTS AND CONTRACTING - L.L.C - S.P.C is classified as a related party of Bajel Projects Limited due to its status as a wholly owned subsidiary. However, the incorporation does not constitute a related party transaction, and no promoters, promoter group, or group companies hold any interest in the entity other than through the parent company. The transaction involves cash consideration for the subscription of shares.

Strategic Objectives

The primary objective of the subsidiary is to execute EPC projects related to power transmission, distribution, and allied infrastructure activities. This expansion aligns with the company's strategy to diversify its geographical reach and capitalise on growing infrastructure demands in the Middle East. The subsidiary will operate under the regulatory framework of the UAE, ensuring compliance with local laws and standards.