Contract Award Details

Bajel Projects Limited has been awarded a Major EPC order classified under the company's project categorization policy (inclusive of GST). The order value is approximately ₹200+ crore as per the company's classification system where Major orders fall in the range of ₹200 crore to ₹300 crore.

Counterparty Information

The order has been awarded by The Tata Power Company Limited, a domestic entity. The contract is in the ordinary course of business and does not involve any related party transactions. No promoters, promoter group, or group companies have any interest in the entity that awarded the order.

Project Specifications

The contract involves Engineering, Procurement and Construction (EPC) of 400 kV Gas Insulated Substations (GIS) and associated equipment along with civil works for 400 kV GIS Receiving Substations (RSS) at Dharavi and Ghatkopar in Mumbai. The scope includes associated electrical systems, substation automation, communication infrastructure, and Balance of Plant equipment.

Execution Timeline

The project has a time period of 18 months from the date of issuance of the Purchase Order.

Commercial Classification

As per the company's policy (inclusive of GST), the order qualifies as a Major Order falling within the ₹200 crore to ₹300 crore range. The company's project classification bands are:

  • Significant Orders: ₹50 Cr to ₹100 Cr
  • Large Orders: ₹100 Cr to ₹200 Cr
  • Major Orders: ₹200 Cr to ₹300 Cr
  • Mega Orders: ₹300 Cr to ₹400 Cr
  • Ultra-Mega Orders: ₹400 Cr and above

Management Commentary

Mr. Rajesh Ganesh, Managing Director & CEO, stated that the project will contribute to strengthening Mumbai's power transmission infrastructure and enhance power reliability in one of India's most densely populated metropolitan regions. He emphasized that robust transmission infrastructure is critical for supporting rapid urbanization and increasing electricity demand.

Additional Information

The press release title is "Bajel Projects Bags ₹200+ Crore* Major Order for Mumbai's Critical 400 kV GIS Infrastructure". The disclosure was digitally signed by Amee Bharatbhai Joshi, Company Secretary and Chief Compliance Officer (Membership No: A22502) on October 26, 2026, at 18:14:01 +05'30'.