Bajel Projects wins ₹400+ crore MENA order in 2026

What the company disclosed to exchanges

Bajel Projects Limited informed BSE and NSE that it has been awarded ultra-mega EPC orders for transmission lines. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The company said the orders are as mentioned in the respective NOA/LOA, with details referenced in an Annexure. Bajel Projects also stated that none of the promoter, promoter group, or group companies have any interest in the entity that awarded the order. It added that the order does not fall within the purview of a related party transaction. The communication was addressed to BSE (Code: 544042) and NSE (Symbol: BAJEL, Series: EQ). The company requested the exchanges to take the information on record and display it for members and the general public.

Press release: two international orders in the ultra-mega band

In a press release dated 29 April 2026, Bajel Projects said it secured two international orders that cumulatively fall in the ultra-mega band. The release described the client as an international customer based in the Middle East and North Africa (MENA) region. According to the company, the combined order value falls under the ultra-mega category of ₹400+ crore. The scope covers construction of two contiguous sections of a 500 kV overhead transmission line. Bajel Projects positioned the project as part of a flagship national grid reinforcement programme in the MENA region. The stated objective of the programme is to strengthen the high-voltage backbone and enable reliable power evacuation aligned with growing economic and industrial demand.

What the work involves: 500 kV overhead transmission line EPC

The announcement points to an EPC execution assignment for high-voltage transmission infrastructure. The company explicitly mentioned “500 kV” and “overhead transmission line” in the release. It also clarified that the order spans two contiguous sections, which suggests execution across connected stretches rather than isolated packages. While the company did not provide additional technical parameters in the text shared, the voltage level signals a large-scale transmission corridor. Bajel Projects referred to these wins as “international orders,” highlighting the cross-border nature of the assignment. The disclosure did not specify the counterparty name, contract duration, or milestone schedule in the provided excerpt.

Regulatory and governance statements highlighted by Bajel

Alongside the order win, Bajel Projects emphasised governance disclosures commonly sought by investors. It stated promoters and promoter group entities do not have an interest in the awarding entity. It also said the contract is not a related party transaction. These assertions are important in the context of Regulation 30 disclosures, where material events are expected to be communicated with clarity on potential conflicts. The company’s exchange filing framed the update as compliance under applicable SEBI Listing Regulations. For shareholders, the key takeaway is that the company is treating the order as a material business development and has put it through the formal disclosure route.

Company snapshot and listing information

Bajel Projects is listed on both BSE and NSE, with BSE scrip code 544042 and NSE symbol BAJEL. The company’s securities information in the provided text shows “Status: Listed” and “Trading Status: Active.” The date of listing is stated as 19 December 2023. The excerpt also describes Bajel Projects as an EPC company in the power transmission and distribution sector, and notes it was demerged from Bajaj Electricals. These details matter because they place the overseas order win in the context of a relatively newly listed, focused transmission EPC platform.

Recent financial and corporate updates mentioned in the same feed

The provided text also references a press release on financial results for the third quarter and nine months ended 31 December 2025. It states that for 9M, EBITDA was ₹87 crore (up 38%), while Q3 EBITDA was ₹32 crore (up 45%). Revenue is stated at ₹1,784 crore. Separately, the company disclosed that the board approved a grant of 142,000 ESOPs under the Bajel Projects Limited Employee Stock Option Plan 2024. The grant price mentioned is ₹99.72 per option, with the board approval date stated as 5 February 2026. These items do not directly relate to the MENA order, but they appear in the same disclosure trail and provide recent operating and governance context.

Market information shown alongside the disclosures

The excerpt includes price snapshots from different places in the same compilation. One line shows a “Current Price” of ₹163. It also shows exchange screen data with previous close values around ₹191.85 on BSE and ₹191.69 on NSE, with open prices near ₹190.60 and ₹191.70, respectively. The timestamps in those snapshots show “Oct 24” without a year in the provided text. Because the data points come from different snapshots, they should be read as screen references rather than a single continuous price move. Still, they underline that the stock is actively tracked and that disclosures like large EPC wins tend to be monitored closely by market participants.

Key facts table

Why this order matters for the transmission EPC theme

A 500 kV overhead line is a core component of high-voltage transmission networks, and the company’s release ties the project to a national grid reinforcement programme in the MENA region. For an India-listed EPC contractor, a disclosed international win can be a signal of participation in cross-border infrastructure spending cycles, especially in regions investing in backbone capacity. The “ultra-mega” classification, explicitly described as ₹400+ crore, also indicates scale relative to typical project packages in the transmission EPC space. However, beyond the band and the voltage level, the provided text does not include execution timelines, margin expectations, or revenue recognition periods. Investors therefore typically have to wait for subsequent quarterly updates for any quantified impact.

What to watch next

From the disclosure, the next set of hard datapoints would be the detailed NOA/LOA terms referenced via Annexure, if published, and any follow-up updates on commencement or milestones. Bajel Projects has indicated contact points for media and investor queries through its corporate communications and investor relations emails. Separately, the company’s ongoing financial disclosures, including quarterly results and investor presentations, are likely to provide updates on project progress and business mix over time. For now, the confirmed information is limited to the order band, geography, and the 500 kV overhead line scope.