Multibagger EPC Company Secures Contract for Solapur Substation; Stock Surges Over 14 Per cent Today
The company has recently secured an order from M/s Solapur Transmission Limited, a project-specific SPV company of Torrent Power Ltd.
Bajel Projects Ltd has recently secured an order from M/s Solapur Transmission Limited, a project-specific SPV company of Torrent Power Ltd. The order involves the establishment of a 400/220 kV Solapur Substation in Solapur, Maharashtra. The project includes design, engineering, manufacturing, supply, erection, civil work, testing, and commissioning of the substation and two 400 kV line bays. The project is expected to be completed within 15 months from the date of the Letter of Award.
Shares of Bajel Projects Ltd are trading at around Rs 279.50 per share, marking a 14.06 per cent increase today. The company’s current market capitalization stands at Rs 3,229.21 crore. The stock has delivered multibagger returns of over 155 per cent from its 52 week low.
Q2 FY25 Performance
In the quarter ended September 2024, Bajel Projects Ltd reported a revenue growth of 231.3 per cent to Rs 662.41 crore Rs 199.95 crore in the same quarter of the previous year. The operating profit improved to Rs 16.80 crore in Q2 FY25, compared to a loss of Rs 4.01 crore in Q2 FY24. Similarly, the net profit rose to Rs 3.66 crore in Q2 FY25 from a loss of Rs 4.44 crore in Q2 FY24. The company’s operating profit margin (OPM) also improved to 2.54 per cent in Q2 FY25, reflecting enhanced operational efficiency and cost management.
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About the Company
Incorporated in 2022, Bajel Projects Ltd is engaged in the business of Engineering, Procurement, and Construction (EPC). Bajel Projects Limited (BPL) was carved out as a separate legal entity from Bajaj Electricals Ltd. Its EPC segment encompasses power transmission and power distribution. BPL offers comprehensive solutions, including in-house design, testing, procurement, manufacturing, installation, and commissioning of projects.
Disclaimer: The article is for informational purposes only and not investment advice.