Bajel Projects Limited, a leading power transmission and distribution infrastructure company, has reported a robust performance for the first quarter. The company's financial results demonstrate significant growth and operational achievements, positioning it well in the competitive power infrastructure sector.

Financial Highlights

Bajel Projects Limited achieved impressive financial results for Q1:

• Revenue from operations surged to ₹608.00 crore, marking a 19% year-over-year growth.
• EBITDA increased by 33% to ₹25.00 crore, with margins improving to 4.0% from 3.6% in the previous year.
• The company maintains a robust total order book of ₹3,612.00 crore as of June 30.

Operational Achievements

During the quarter, Bajel Projects demonstrated strong operational performance:

• Commissioned 3 projects, including KPTCL Raichur, Jaypore Jagdalpur, and HVPNL Gurgaon.
• Constructed 2,288 circuit kilometers of high-tension lines and 9,027 circuit kilometers of low-tension lines.
• Successfully installed 4,495 distribution transformers.
• Achieved record quarterly production of 36,978 poles at its manufacturing facility.

Order Book and New Projects

The company's order book stands at ₹3,612.00 crore, with 92% from power transmission and 8% from power distribution segments. Notable new orders include:

• A 765 kV double circuit transmission line project from Kurnool IV to Kurnool III from PGCIL.
• A 400 kV GIS & 765 kV AIS bays project from a private client.
• A 400 kV Transmission line project at Mahan Rewa and extension of 400 kV substation works at Rewa from PGCIL.
• Two orders for power evacuation from a 550MW solar-wind hybrid power plant in Beed, Maharashtra.

International Expansion

Bajel Projects is making strides in international markets:

• Successfully completed a 132kV Monopole Transmission Line project in Zambia, funded by the European International Bank.
• Secured a supply order from the Democratic Republic of Congo.
• Actively pursuing EPC bids and product orders, especially in African subcontinents.

Manufacturing Capabilities

The company's state-of-the-art manufacturing facility in Ranjangaon continues to be a key asset:

• Produced 11,508 MT in Q1.
• Achieved the highest number of poles produced in a quarter at 36,978.
• Executed export orders to countries including Ghana, Togo, and UAE.

Strategic Outlook

Bajel Projects has launched its RAASTA 2030 strategy, focusing on:

• High-voltage segments
• International expansion
• Margin improvement
• Digitization initiatives

The company aims to capitalize on the growing demand in the power infrastructure sector, both domestically and internationally.

Rajesh Ganesh, Managing Director & Chief Executive Officer of Bajel Projects Limited, commented on the results, "Our strong performance in Q1 reflects our commitment to operational excellence and strategic growth. With our robust order book and focus on high-value projects, we are well-positioned to capitalize on the opportunities in the power infrastructure sector."

As Bajel Projects Limited continues to execute its growth strategy, the company remains focused on delivering value to its stakeholders and contributing to the development of power infrastructure across India and beyond.

Bajel Projects Limited, a prominent player in the infrastructure sector, has announced significant developments following its 3rd Annual General Meeting (AGM) held on August 14, 2025. The company's shareholders have approved several key resolutions, including the appointment of Mr. Sudarshan Sampathkumar as a Non-Executive Independent Director.

Board Strengthened with Experienced Director

Mr. Sudarshan Sampathkumar, who brings over 35 years of experience in advisory, consulting, and private equity, has been appointed as a Non-Executive Independent Director for a five-year term, effective from May 22, 2025, to May 21, 2030. This appointment marks a transition from his previous role as an Additional Non-Executive Independent Director.

Sampathkumar's impressive career includes notable positions such as Partner & Managing Director at Bain & Company and leadership roles at Accenture. His expertise spans developing and implementing business strategies for corporates and performance improvement, areas in which he has held Asia Pacific-wide responsibilities.

Diverse Board Experience

The newly appointed director currently serves on the boards of several prominent companies, including Bajaj Electricals, Profectus Capital, and Techfab Industries. At Profectus Capital, he holds the distinction of being the sole independent director and chairs both the Audit and IT committees.

Academic Background

Mr. Sampathkumar's strong academic foundation includes an MBA from the Indian Institute of Management, Ahmedabad, and a Bachelor of Engineering from the Indian Institute of Science, Bangalore.

Other Key Resolutions

In addition to Sampathkumar's appointment, the AGM saw the approval of several other important resolutions:

1. Financial Statements Adoption: Shareholders approved the audited standalone and consolidated financial statements for the fiscal year ending March 31, 2025.

2. Director Re-appointment: Mr. Ajay Suresh Nagle was re-appointed as a director, retiring by rotation.

3. Borrowing Limit Increase: The Board of Directors received authorization to borrow up to an aggregate limit of Rs. 3,500.00 crores.

4. Asset Charge Creation: Approval was granted for the creation of mortgage/charge on the company's assets up to Rs. 3,500.00 crores.

5. Cost Auditors Remuneration: The remuneration of Cost Auditors for the financial year ending March 31, 2026, was ratified.

6. Secretarial Auditors Appointment: M/s. Anant B Khamankar & Co. was appointed as the Secretarial Auditors for a five-year term until the 8th AGM.

Shareholder Participation

The AGM, conducted through video conferencing, saw active participation from shareholders. The e-voting results revealed overwhelming support for all resolutions, with most receiving over 99% votes in favor.

These developments signal Bajel Projects Limited's commitment to strong corporate governance and strategic growth as it continues to strengthen its position in the infrastructure sector.