The shares of Bajel Projects saw a jump of 5.31% to Rs 241.95 after the company bagged contract form Gautam Adani’s company, Adani Energy Solutions (AESL) for constructing transmission line in Tiroda, Maharashtra.
Adani Energy Solutions also saw a 5.40% increase, rising to Rs. 725.65 on the BSE. The contract involves a construction of a 400 KV-double circuit (D/C) transmission line. The project is expected to be completed within 18 months from the date of issuance of the contract.
The project is going to connect Chhattisgarh’s Raipur to Maharashtra’s Tiroda using Quad ACSR Moose conductors. It will cover a distance of 217 kilometeres.
Bajel Projects is a well-known company which caters its services in the power infrastructure sector. It is a leading player in power transmission and power distribution segments. Earlier, it was a part of Bajaj Electricals.
Adani Energy Solutions is the transmission and distribution arm of the Adani Group, one of India’s largest business conglomerates. The company is the nation’s largest private transmission firm which holds a business operation of 28 projects.
Adani Energy Solutions is headquartered in Ahmedabad and is overseen by its board of directors. The company’s chairman is Gautam Adani and its director is Rajesh S Adani.
