Orders12 Oct 2026 · Fri
BAJELBajel Projects
Bajel Projects wins a Mumbai substation order of more than ₹200 crore
Bajel Projects has been awarded an EPC contract worth more than ₹200 crore, including GST, for two 220 kV gas-insulated substations in Mumbai, at Salsette and Powai.
Price, Friday's close₹157.26▲ 0.40%
Last 5 days
52-week low ₹135.1052-week high ₹219.64
- Sector
- Power equipment
What happened
- The contract covers supply and installation of a 220 kV gas-insulated switchgear substation at the Salsette receiving station and an outdoor 220 kV substation at Powai, per Angel One.
- Angel One put the value at more than ₹200 crore including GST. Sahi described it as between ₹200 crore and ₹300 crore, named Tata Power as the customer and reported an 18-month timeline from the purchase order.
- Sahi also noted the company's unexecuted order book was a record ₹4,055 crore on 30 June.
- The shares closed at ₹157.26 on Friday, up 0.40%.
Why it matters
Good to know: Gas-insulated substations seal their switchgear in an insulating gas, so they take up much less land than open-air ones. That is why they are used in dense cities such as Mumbai.
Key facts
- Order value
- More than ₹200 crore, including GST
- Sites
- Salsette and Powai, Mumbai
- Voltage
- 220 kV
- Timeline (per Sahi)
- 18 months from the purchase order
Read the source
This is a summary of public news about Bajel Projects, for information only. It is not a recommendation to buy, sell or hold BAJEL.