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.

Bajel Projects Limited has filed its quarterly compliance certificate with the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) for the quarter ended March 31, 2026. The submission, dated April 6, 2026, fulfills the company's regulatory obligations under SEBI guidelines.

Regulatory Compliance Certificate

The certificate was issued by MUFG Intime India Private Limited, formerly known as Link Intime India Pvt. Ltd., which serves as the company's Registrar and Transfer Agent (RTA). The document confirms compliance with Regulation 74(5) of the Securities & Exchange Board of India (Depositories and Participants) Regulations, 2018.

Certificate Confirmation Details

MUFG Intime India Private Limited confirmed that securities received from depository participants for dematerialization during Q4 FY26 were properly processed according to regulatory requirements. The registrar verified that all securities comprised in the certificates have been listed on the stock exchanges where the company's previously issued securities are traded.

The certificate also confirms that security certificates received for dematerialization were appropriately confirmed or rejected, with received certificates being mutilated and cancelled after due verification by the depository participant. The names of the depositories have been substituted in the register of members as registered owners within prescribed timelines.

Corporate Compliance

The filing was signed by Ajay Nagle, Executive Director, Company Secretary & Chief Compliance Officer of Bajel Projects Limited. The certificate from MUFG Intime India was signed by Ashok Shetty, Sr. Vice President-Corporate Registry. This quarterly compliance filing demonstrates the company's commitment to maintaining regulatory standards and transparency in its securities handling processes.