Bajel Projects shares jump 14% after over ₹700 crore ‘ultra mega’ order book update from Maharashtra State; check details

In an NSE filing, post the market operating hours on Friday, March 13, Bajel Project disclosed that the company has received a more than ₹700 crore order to establish a 400/220 kV AIS Sub-Station in the Saswas district of Pune, Maharashtra.

Order details

The ₹700+ crore order received from Maharashtra State Electricity Transmission Co. also highlighted that, as part of the EPC deal, the company will also set up the transmission lines for the sub-station in Pune, along with the sub-station.

According to the filing data, the order is set to be executed within 23 months or nearly 2 years from the date of issuance of the notification of allotment. The company will design, supply, erect, test and commission the substation along with all its associated transmission lines and related components.

“A 400/220 kV substation of this scale in the Pune district is critical infrastructure that will strengthen Maharashtra's transmission network and support the region's growing industrial and urban power demand,” said Rajesh Ganesh, managing director of Bajel Projects.

Bajel Projects share price trend

As of 10:51 a.m. on NSE, Bajel Projects shares were trading nearly 9% higher at ₹152.35 on Monday after hitting the intraday high, compared to the previous market close of ₹139.96 on Friday, last week.

NSE data showed that Bajel Projects' share price has lost 3.33% in the last one-year period and has dropped 10.97% on a year-to-date (YTD) basis so far in 2026. The company’s stock is down 3.60% in the last one month period.

The exchange data also showed that the Bajel Project stock is trading 4.56% higher in the last five sessions on the Indian stock market.

Shares of the heavy electrical equipment maker hit their 52-week high level at ₹263.90 on July 18, 2025, while the 52-week low level was at ₹137.25 last week on Friday, March 13, 2026, according to the NSE data. The company’s market capitalisation (M-Cap) was at ₹1,759.59 as of the trading session on Monday, March 16, 2026.

The company’s financial performance for the October to December quarter of the financial year ending 2025-26 highlights that the net profit recorded a 86% fall to ₹47 lakh, compared to ₹3.42 crore in the same period a year ago, as per the consolidated statements released earlier this year.

Bajel Project’s revenue from core operations recorded a 9.6% fall to ₹562 crore in the third quarter, compared year-on-year (YoY) with ₹622 crore in the same period a year ago, according to the NSE filing. This greater fall in profits is also attributable to a one-time loss of ₹2.4 crore from the company’s joint ventures.