{"id":5461,"date":"2024-12-13T11:10:30","date_gmt":"2024-12-13T05:40:30","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5461"},"modified":"2024-12-13T11:10:32","modified_gmt":"2024-12-13T05:40:32","slug":"bajel-projects-shares-jump-10-after-securing-major-order-from-solapur-transmission","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/bajel-projects-shares-jump-10-after-securing-major-order-from-solapur-transmission\/","title":{"rendered":"Bajel Projects Shares Jump 10% After Securing Major Order from Solapur Transmission"},"content":{"rendered":"\n<p>Shares of Bajel Projects soared by <strong>10%<\/strong> on December 13, defying a weak market trend, as the company announced a significant contract win. Bajel Projects will supply goods and services to Solapur Transmission, a Torrent Power subsidiary, to establish a <strong>400\/220 KV substation<\/strong> in Maharashtra.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Details of the Contract<\/h3>\n\n\n\n<p>The scope of the project includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Design, engineering, manufacturing, and supply of equipment.<\/li>\n\n\n\n<li>Erection, civil work, testing, and commissioning of the substation.<\/li>\n\n\n\n<li>Setting up <strong>two 400 KV line bays<\/strong> at Power Grid Solapur.<\/li>\n<\/ul>\n\n\n\n<p>The project is expected to be completed within <strong>15 months<\/strong> of receiving the letter of award (LoA).<\/p>\n\n\n\n<p>At 10:01 am, Bajel Projects\u2019 shares were trading at <strong>Rs 266.55<\/strong> on the NSE, becoming one of the top performers on the <strong>BSE Smallcap Index<\/strong>. The stock saw a surge in trading volumes, with <strong>17 lakh shares<\/strong> exchanged\u2014far exceeding its one-month daily average of <strong>3 lakh shares<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Financial Performance<\/h3>\n\n\n\n<p>Bajel Projects has been witnessing a sharp turnaround in its financials:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Q2 Net Profit:<\/strong> Rs 3.66 crore, compared to a loss of Rs 4.44 crore in the same quarter last year.<\/li>\n\n\n\n<li><strong>Revenue from Operations:<\/strong> Rs 662.41 crore in Q2 FY24, a significant jump from Rs 199.96 crore in Q2 FY23.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Company Outlook<\/h3>\n\n\n\n<p>Bajel Projects operates in the power transmission and distribution space as part of the Bajaj Group. The latest order win underscores its capabilities in executing large-scale infrastructure projects and bolsters its position in the energy sector.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/bajel-projects-stock-zooms-10-after-order-win-from-solapur-transmission-12889148.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/bajel-projects-stock-zooms-10-after-order-win-from-solapur-transmission-12889148.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Bajel Projects soared by 10% on December 13, defying a weak market trend, as the company announced a significant contract win. Bajel Projects will supply goods and services to Solapur Transmission, a Torrent Power subsidiary, to establish a 400\/220 KV substation in Maharashtra. Details of the Contract The scope of the project includes: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[802],"class_list":["post-5461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-bajel-projects-order"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5461"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5461\/revisions"}],"predecessor-version":[{"id":5463,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5461\/revisions\/5463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5462"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}