The order pertains to the EPC of monopoles, including foundation works, for the 220 kV Kalwa-Kalyan-Pal transmission line project in Mumbai.
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Shares of Bajel Projects Ltd. climbed as much as 20% on Monday, March 16, after the company informed exchanges that it had secured a significant EPC order from Tata Power Company for transmission line works.
The order pertains to the EPC of monopoles, including foundation works, for the 220 kV Kalwa-Kalyan-Pal transmission line project in Mumbai.
The company classified the contract as a “significant order”, indicating a value in the range of ₹50 crore to ₹100 crore.
On Friday, Bajel Projects had also announced that it secured an order worth ₹700 crore from Maharashtra State Electricity Transmission Company Ltd. (MSETCL).
The contract involves EPC work for power transmission lines and substation projects.
Following these developments, shares of Bajel Projects were trading about 20% higher at ₹167.95 on Monday.
