Bajel Projects Bags Major Tata Power Substation Order

Core Announcement – Order Details

Awarding Entity: The Tata Power Company Limited

Domestic/International Order: Domestic Order

Nature of Order/Contract:

EPC Contract for Substation works comprising two packages:

• Package A: 220 kV GIS at Salsette receiving station
• Package B: 220 kV Outdoor GIS Substation at Powai receiving Station

Order Value:

Classified as "Major Order" per company policy, indicating value range of ₹200 crore to ₹300 crore (inclusive of GST).

Materiality Context:

• Described as "Major" per company's project classification policy
• Ordinary course of business
• Domestic entity customer

Execution Timeline:

18 Months from the date of issuance of Purchase Order

Revenue Recognition / Billing Structure:

Not Specified

Key Terms & Payment Milestones:

Not Specified

Whether Related Party Transaction:

No. The company specifically states: "None of the promoter/promoter group/group companies have any interest in the entity that awarded the order/contract."

Promoter Group Involvement:

No. Explicitly stated that no promoter/promoter group/group companies have any interest.

Financial Implication:

Not Specified