Business
Bajel Projects shares rocket 14% after bagging largest ultra mega order worth Rs 700 crore
The contract marks the largest single order won by the company in its power transmission business.
The project involves the complete turnkey EPC execution of the 400/220 kV AIS substation at Saswad, Pune. The scope covers design, supply, erection, testing and commissioning of the facility, along with all related transmission lines. It also includes civil works and the full erection, testing and commissioning components required for the project.
At the core of the project is the construction of a greenfield 2×500 MVA, 400/220 kV AIS substation at Saswad. The facility will also include a 1×125 MVAr bus reactor at the 400 kV level. The substation has been planned with provisions for future expansion to support Maharashtra’s long term growth in power demand.
The project will also involve bay additions at three existing and proposed substations to integrate the new Saswad facility with the current transmission network.
In addition, the scope includes building multiple new 400 kV and 220 kV transmission lines, along with LILO (Line In Line Out) arrangements, to connect the Saswad substation to the wider Maharashtra grid.
Located in Pune district, the Saswad substation is expected to become an important node in Maharashtra’s high voltage transmission network. It will help improve power evacuation capacity for the fast growing industrial region around Pune and enhance grid reliability across the state.Commenting on the order win, Rajesh Ganesh, Managing Director and Chief Executive Officer of Bajel Projects Limited, said securing the Rs 700 crore plus ultra mega order from MSETCL marks a key milestone for the company and highlights its EPC capabilities in the high voltage substation segment. He said a 400/220 kV substation of this scale in Pune district will play a vital role in strengthening Maharashtra’s transmission network and meeting the rising power demand from the region’s expanding industrial and urban areas.
Ganesh added that the project supports the company’s RAASTA 2030 strategy of expanding into high value and complex infrastructure projects while also strengthening its partnership with one of India’s key state transmission utilities. He said the company is committed to delivering the project with high standards of quality and safety.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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ORR: A Hedge Fund In ETF Clothing, Convincing Buy Opportunity (NASDAQ:ORR)
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