EPC Infrastructure Contracts

Bajel Projects Secures Mega EPC Order for 400/220/33 KV GIS Substation from Mumbai Datacenter Client

NSE

bajel

BSE

544042

Bajel Projects Limited has secured a Mega EPC order for the design, engineering, procurement, supply, erection, testing, commissioning and performance testing of a 400/220/33 KV GIS substation for a Mumbai-based datacenter client. The project is scheduled for execution over 24 months and falls under the company’s Mega Order classification.

PRICE-SENSITIVE TRIGGER

Event: Award of EHV GIS Substation EPC Contract

Type: EPC Infrastructure Contracts

Impact: Positive

Immediate Effect: The order strengthens Bajel Projects’ transmission and substation order book while expanding its presence in the rapidly growing datacenter infrastructure segment.

Key Metrics:

Order Classification: Mega Order
Project Type: 400/220/33 KV GIS Substation
Contract Model: EPC
Execution Timeline: 24 Months
Customer Category: Datacenter Client (Mumbai)
Geography: Domestic

Highlight:

Mega EPC Order for EHV GIS Substation

What Happened ?

Bajel Projects Limited informed stock exchanges that it has received a Mega EPC order for an Extra High Voltage (EHV) GIS substation from a Mumbai-based datacenter client.

The scope includes complete design, engineering, procurement, supply, erection, testing, commissioning and performance testing of a 400/220/33 KV GIS substation. The project will be executed over a period of 24 months from commencement.

The contract has been awarded by a domestic entity and does not involve any related-party relationship or promoter-group interest.

Key Details

Order Scope and Execution Details:

Customer is a Mumbai-based datacenter client.
Project involves construction of a 400/220/33 KV GIS substation.
Scope covers design and engineering activities.
Includes procurement and supply of equipment.
Includes erection, testing and commissioning.
Performance testing forms part of the contract scope.
Project execution period is 24 months from commencement.
Order has been classified as a Mega Order under company policy.
Awarding entity is a domestic customer.
Transaction is not a related-party transaction.

Note:

The order reflects continued investment in mission-critical power infrastructure required for large-scale datacenter operations, a segment witnessing strong demand due to digital infrastructure expansion.

Risk Analysis

Summary:

While the order strengthens execution visibility, project delivery, procurement timelines and customer execution schedules remain key factors for successful completion.

Key Risks:

Exact contract value has not been disclosed.
Revenue realization will depend on project execution milestones.
Large infrastructure projects remain exposed to execution and supply-chain risks.
Delays in equipment delivery or site readiness may affect timelines.
Margin outcomes will depend on project management and cost control.

Worst Case Scenario:

Project delays, cost escalations or execution bottlenecks could defer revenue recognition and impact project profitability.

Risk Level: Low

Company Commentary

Bajel Projects has secured a Mega EPC order for an EHV GIS substation.
The contract involves a 400/220/33 KV GIS substation for a datacenter project.
Scope includes complete EPC execution and performance testing.
Execution timeline is 24 months from commencement.
The awarding entity is domestic.
Promoter group has no interest in the customer.
The contract does not fall under related-party transactions.

Official Exchange Filing: Bajel Projects Limited