Bajel Projects' stock is currently trading at Rs. 285.25, a rise of 17.20 points or 6.42% from its previous close of Rs. 268.05 on the BSE.
The stock opened at Rs. 292.00, reaching a high of Rs. 294.00 and a low of Rs. 284.00. A total of 94,099 shares have been traded so far.
This BSE group 'B' stock, with a face value of Rs. 2, hit a 52-week high of Rs. 330.00 on 05-Jul-2024 and a 52-week low of Rs. 108.05 on 03-Jan-2024.
In the past week, the stock's high and low stood at Rs. 294.00 and Rs. 256.50, respectively. The company's current market cap is Rs. 3,091.69 crore.
Promoters hold 62.72% of the company, while institutional and non-institutional investors hold 8.12% and 29.16%, respectively.
Bajel Projects has secured a contract for the supply of goods and services from Power Grid Corporation of India (PowerGrid) for their specific project SPV, Beawar‐Mandsaur Transmission.
The contract involves the Transmission Line Package TL01 for a 765 kV D/c Beawar–Mandsaur PS Transmission Line – Part I, associated with the transmission system for evacuating power from Rajasthan REZ Ph‐IV (Part‐2: 5.5GW) (Jaisalmer/Barmer Complex) Part‐D through Tariff Based Competitive Bidding (TBCB). The project is valued at Rs. 586.28 crore (excluding taxes) and is to be completed within 23 months from the date of award notification.
Bajel Projects is a prominent player in the power infrastructure sector, with significant operations in power transmission and distribution.