Bajel Projects Ltd

(BAJEL)

Bajel Projects Ltd. was incorporated as a Public Limited Company as a wholly owned subsidiary of Bajaj Electricals Limited BEL pursuant to a Certificate of Incorporation dated January 19 2022 issued by the Registrar of Companies Mumbai.Bajel Projects Ltd. formerly a division of Bajaj Electricals Limited is a leading company in the Engineering Procurement and Construction EPC business. The Company operates through its four business verticals Power Transmission Power Distribution Monopoles International EPC and has its own worldclass manufacturing facility with stateoftheart machineries at Ranjangaon MIDC Pune.With over two decades in business the Company is the goto partner for high voltage and extra highvoltage transmission line projects substations UG cabling poles monopoles high mast and electrification projects along with feeder separation and lift irrigation projects on a full turnkey basis.BPL has a proven track record for its national and international business with an enviable clientele consisting of Power Grid Corporation of India Ltd PGCIL Madhya Pradesh Power Transmission Company Ltd MPPTCL Haryana Vidyut Prasaran Nigam Ltd HVPNL Torrent Power Ltd Zambia Electricity Supply Corporation ZESCO Kenya Power Lighting Company KPLC North Bihar Power distribution Company Ltd NBPDCL South Bihar Power distribution Company Ltd SBPDCL and West Bengal State Electricity Distribution Company Ltd WBSEDCL among others.The Company commenced the Power Transmission and Power Distribution Business from the Effective Date upon transfer of the Demerged Undertaking to the Company as a going concern. the transfer ofthe Demerged Undertaking of BEL to our Company. In 2023 pursuant to the Scheme of Arrangement for Demerger the Power Transmission and Power Distribution Business Demerged Undertaking was transferred and vested from Bajaj Electricals Limited to Company. Post Demerger Scheme the Company is engaged in providing solutions that include EPC and project management for all aspects of project execution from conceptualizing to commissioning. The Companys business comprises of providing endtoend EPC solutions or any combination of individual services depending on customers needs and market opportunity. Their business can be broadly segregated into i the power transmission EPC subsegment which is primarily engaged in construction of EHV transmission lines using lattice towers monopole cables AIS and GIS on turnkey basis and ii the power distribution EPC subsegment which is primarily engaged in providing turnkey solutions for power distribution feeder separation rural electrification and underground cabling. In terms of the Scheme the Company issued and allotted 115101953 Equity Shares to the shareholders of BEL..

Share Price: ₹260.15 per share as on 06 Sep, 2024 04:01 PM
Market Capitalisation: ₹3,050.17Cr as of today
Listing date: 19 Dec, 2023