Bajel Projects Ltd has secured an ultra-mega EPC work order valued at over 6 billion rupees from Power Grid Corporation of India Ltd. The contract involves constructing a 765kV double-circuit transmission line connecting Raigarh and Jamshedpur, expanding inter-regional grid capacity between Western and Eastern India, according to regulatory disclosures.
MUMBAI, India — Power transmission engineering firm Bajel Projects Ltd announced on Wednesday, August 12, 2026, that it has secured an ultra-mega Engineering, Procurement, and Construction (EPC) work order valued at over 6 billion rupees ($600+ crore / $72 million) from Power Grid Corporation of India Ltd (Powergrid). The high-voltage infrastructure project, designated as Transmission Line Package TL02 under the Western Region-Eastern Region (WR-ER) Inter-Regional Network Expansion Scheme, entails the design, supply, erection, testing, and commissioning of a 765kV double-circuit transmission line connecting Raigarh (Tamnar) in Chhattisgarh to Jamshedpur (New) in Jharkhand. The award comes at a crucial junction as India rapidly expands its ultra-high-voltage national grid capacity to accommodate rising industrial loads, stabilize cross-regional power transfers, and integrate bulk power supply across core industrial corridors.
Technical Scope and Network Expansion Scheme Details
Under the terms outlined in statutory exchange disclosures, Bajel Projects will execute the second phase (Part-II) of the 765kV double-circuit corridor between Raigarh (Tamnar) and Jamshedpur (New). The contract forms a pivotal element of the WR-ER Inter-Regional Network Expansion Scheme – Part A, executed under the Tariff Based Competitive Bidding (TBCB) framework overseen by the Ministry of Power.
The project requires specialized engineering capabilities in ultra-high-voltage (UHV) transmission, involving heavy-duty tower fabrication, conductor stringing across complex terrain, and advanced substation integration. In addition to the flagship 765kV package, the broader expansion scheme works in tandem with associated 400kV loop-in loop-out (LILO) double-circuit lines connecting regional substations between Ranchi and Jamshedpur. The primary operational objective is relieving structural transmission bottlenecks between power-generating clusters in Western India and major manufacturing centers across Eastern India.
Order Book Growth, Financial Outlook, and Market Impact
The win significantly enhances top-line revenue visibility for the Mumbai-headquartered EPC contractor, which was spun off from Bajaj Electricals Ltd to focus exclusively on power transmission and distribution infrastructure. According to company disclosures and market calculations, the latest domestic order inflows push Bajel Projects' total disclosed order backlog toward 16 billion rupees.
Financial analysts note that the Bajel Projects 765kV transmission line order represents a substantial portion of the company's annualized revenue, providing essential earnings backing over the typical 24-to-33-month project execution timeline. While operating profit margins in the power EPC segment remain tightly managed due to raw material steel and aluminum price movements, securing large-scale domestic contracts with state-backed utilities like Powergrid mitigates counterparty credit risk and provides predictable billing schedules.
The announcement generated positive trading momentum across Indian capital markets, with equity shares reflecting investor confidence in the company's technical qualification for ultra-high-voltage grid tenders.
Impact on Grid Reliability, Businesses, and Local Economies
The deployment of the 765kV transmission corridor yields broad structural benefits for energy consumers, industrial manufacturers, and regional economies across Central and Eastern India:
For Power Consumers and Utilities: Upgrading cross-regional transfer capacity reduces transmission congestion charges, lowers grid frequency volatility, and minimizes the risk of load-shedding during peak regional demand cycles.
For Heavy Industry and Manufacturing: Industrial consumers in steel, mining, and manufacturing hubs across Jharsuguda, Jamshedpur, and Raigarh gain access to uninterrupted bulk power supply.
For Regional Job Seekers and Contractors: Project execution across Chhattisgarh and Jharkhand creates direct employment opportunities for civil construction workers, specialized tower riggers, electrical technicians, and local logistics providers.
Official Sources Section
The information cited in this report originates from official regulatory disclosures submitted by Bajel Projects Ltd to Indian equity exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project allocation terms and scheme details derive from official notifications issued by Power Grid Corporation of India Ltd and structural policy guidelines published by the Ministry of Power. Market compliance filings were transmitted through the BSE Limited and the National Stock Exchange of India.
Quote Section
Commenting on the major contract win, company leadership emphasized the technical milestone represented by the high-voltage package award.
"Bagging two orders under the WR-ER Inter-Regional Network Expansion Scheme in quick succession is a strong endorsement of Bajel Projects' execution capabilities across both 400kV and 765kV transmission systems," stated Rajesh Ganesh, Managing Director and Chief Executive Officer of Bajel Projects Ltd, in an official statement accompanying the regulatory filing. "These packages are critical to strengthening power flow between the Western and Eastern regions, and together they mark one of our largest transmission line wins to date."
Why It Matters
Securing the Bajel Projects 765kV transmission line order underscores the intensive capital deployment currently driving India's national power grid modernization. As industrial energy demand scales rapidly and renewable generation hubs come online in remote geographies, buildouts of 765kV double-circuit corridors are essential to prevent grid curtailment. For Bajel Projects, successful execution in the high-barrier 765kV segment solidifies its competitive position alongside established Tier-1 power infrastructure builders in South Asia.
Key Facts at a Glance
Order Value: Over 6 billion rupees ($600+ crore) for the ultra-mega 765kV transmission line package.
Awarding Entity: Power Grid Corporation of India Ltd (Powergrid / PGCIL).
Project Scope: Design, supply, erection, testing, and commissioning of a 765kV double-circuit line from Raigarh (Tamnar) to Jamshedpur (New).
Scheme Name: WR-ER (Western Region - Eastern Region) Inter-Regional Network Expansion Scheme – Part A.
Corporate Headquarters: Mumbai, Maharashtra, India.
Frequently Asked Questions (FAQ)
What is the value of the Bajel Projects 765kV transmission line order?
The ultra-mega EPC work order awarded by Powergrid is valued at over 6 billion rupees (Rs 600+ crore), making it one of the largest single transmission line packages secured by the company.
Which regions will the new transmission line connect?
The 765kV double-circuit line will connect Raigarh (Tamnar) in Chhattisgarh with Jamshedpur (New) in Jharkhand, strengthening power evacuation across the Western and Eastern regional power grids.
Who awarded the transmission line contract to Bajel Projects?
The contract was awarded by Power Grid Corporation of India Ltd (Powergrid), India's central transmission utility, under the Tariff Based Competitive Bidding (TBCB) framework.
How does this contract impact Bajel Projects' order book?
The Bajel Projects 765kV transmission line order significantly strengthens the company's total order backlog to approximately 16 billion rupees, offering enhanced revenue visibility over the project execution period.
Source: Official regulatory disclosures filed with BSE Limited, notifications submitted to the National Stock Exchange of India, press releases from Bajel Projects Ltd, corporate disclosures from Power Grid Corporation of India Ltd, and policy updates from the Ministry of Power.
