Bajel Projects witnessed a stunning 10% surge in its stock price on December 13, standing out as a star performer in an otherwise weak market. This impressive rally came on the heels of a significant order win from Solapur Transmission, a project company under Torrent Power. The contract involves the establishment of a cutting-edge 400/220 KV substation in Maharashtra, marking a major milestone for the company.
Details of the Contract
The newly secured project includes the design, engineering, manufacturing, supply, erection, civil construction, testing, and commissioning of the 400/220 KV substation. Additionally, the contract involves setting up two advanced 400 KV line bays at Power Grid Solapur. Bajel Projects aims to complete this ambitious project within just 15 months from the receipt of the letter of award (LoA), demonstrating its commitment to efficient and timely delivery.
Stock Performance and Market Buzz
At 10:01 AM, Bajel Projects’ stock was trading at ₹266.55 on the NSE, placing it among the top gainers in the BSE Smallcap Index. The rally wasn’t just about the price surge; it was accompanied by exceptional trading activity. Over 17 lakh shares were exchanged on the stock exchanges, far surpassing the one-month daily average of three lakh shares.
This surge in trading volumes, combined with the strong buying momentum, reflects heightened investor interest in Bajel Projects following the positive news.
Strong Financial Comeback
Adding fuel to investor confidence is Bajel Projects’ remarkable financial recovery in the September quarter (Q2). The company posted a net profit of ₹3.66 crore, a sharp turnaround from a loss of ₹4.44 crore in the same period last year.
Revenue from operations skyrocketed to ₹662.41 crore in Q2, a massive jump compared to ₹199.96 crore in the corresponding quarter of the previous fiscal. These robust figures underline the company’s growing dominance in the power transmission and distribution sector, bolstered by its affiliation with the prestigious Bajaj Group.
Why This Order Win Is a Game-Changer
This new contract with Solapur Transmission is not just another project—it’s a testament to Bajel Projects’ expertise in delivering complex infrastructure solutions. It strengthens the company’s order book and positions it as a key player in India’s rapidly evolving power sector.
Looking Ahead
With its latest order win, impressive financial turnaround, and strong market performance, Bajel Projects is well on its way to becoming a powerhouse in the industry. The company’s focus on innovation, quality, and timely execution continues to win investor trust and drive growth.
For those tracking growth-oriented companies in the power sector, Bajel Projects is undoubtedly a stock to watch closely
