📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
0 analysed today
FollowTelegram
0
Today
152,139
All-time analysed
43,645
Positive
6,747
Negative
92,898
Neutral
8,781
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
42 announcements match the current filters (relevance ≥ 5).
Bajel Projects FY26 Results: ₹0.60 Dividend Declared, Borrowing Limit Raised to ₹5,000 Cr
Bajel Projects Limited has reported its audited financial results for the year ended March 31, 2026, and recommended a final dividend of ₹0.60 per share. To support future growth, the Board has approved an increase in borrowing limits from ₹3,500 crore to ₹5,000 crore, subject to shareholder approval. The company also announced management changes, including the appointment of Mrs. Pooja Bajaj as a Director and Ms. Amee Joshi as Company Secretary. While the audit report is unmodified, it highlights ongoing arbitration with three customers for the recovery of outstanding balances.
Key Highlights
Recommended a final dividend of ₹0.60 per equity share (30% of ₹2 face value) for FY26.
Approved a 42.8% increase in borrowing limits from ₹3,500 crore to ₹5,000 crore.
Appointed Mrs. Pooja Bajaj as an Additional Non-Executive Non-Independent Director effective May 27, 2026.
Ms. Amee Joshi appointed as Company Secretary & Compliance Officer, succeeding Mr. Ajay Nagle.
Auditors flagged ongoing arbitration proceedings for recovery of dues from three specific customers.
👀 What to Watch
Investors should track the resolution of the mentioned arbitration cases as they impact cash flow, while the increased borrowing limit suggests a robust project pipeline. The record date for the dividend is July 31, 2026.
Bajel Projects FY26 Results: ₹0.60 Dividend Declared & Borrowing Limit Raised to ₹5,000 Cr
Bajel Projects Limited has approved its audited financial results for the year ended March 31, 2026, and recommended a final dividend of ₹0.60 per share (30% of face value). The Board has proposed a significant increase in the company's borrowing limit from ₹3,500 crore to ₹5,000 crore to support future growth. Key management changes include the appointment of Ms. Amee Joshi as Company Secretary and Mrs. Pooja Bajaj as a Non-Executive Director. However, the auditor highlighted an 'Emphasis of Matter' regarding ongoing arbitration for recoveries from three customers.
Key Highlights
Recommended a final dividend of ₹0.60 per equity share (30%) for FY 2025-26 with a record date of July 31, 2026.
Proposed a 42.8% increase in borrowing limits from ₹3,500 crore to ₹5,000 crore, subject to shareholder approval.
Appointed Ms. Amee Joshi as Company Secretary & Chief Compliance Officer effective May 27, 2026.
Appointed Mrs. Pooja Bajaj as an Additional Non-Executive Non-Independent Director.
Auditor's report noted ongoing arbitration proceedings with three customers for recovery of outstanding balances.
👀 What to Watch
Investors should view the dividend and the expansion of borrowing capacity as signs of management's confidence in growth, but should monitor the arbitration proceedings for any potential impact on the balance sheet.
Bajel Projects FY26: ₹0.60 Dividend, Borrowing Limit Hiked to ₹5,000 Cr & Management Changes
Bajel Projects has reported its audited financial results for FY26 with an unmodified audit opinion. The Board has recommended a final dividend of ₹0.60 per share (30% of face value) and proposed a significant increase in borrowing limits from ₹3,500 crore to ₹5,000 crore to support expansion. Management changes include the appointment of Ms. Amee Joshi as Company Secretary and Mrs. Pooja Bajaj as an Additional Director. Investors should monitor the ongoing arbitration proceedings with three customers for recovery of dues as highlighted by the auditors.
Key Highlights
Recommended a final dividend of ₹0.60 per share (30%) for FY26, with a record date of July 31, 2026.
Proposed increasing borrowing limits by 42.8%, from ₹3,500 crore to ₹5,000 crore, subject to shareholder approval.
Appointed Ms. Amee Joshi as Company Secretary & Chief Compliance Officer effective May 27, 2026.
Inducted Mrs. Pooja Bajaj as an Additional Non-Executive Non-Independent Director.
Auditors issued an 'Emphasis of Matter' regarding ongoing arbitration for recovery of outstanding balances from three customers.
👀 What to Watch
The substantial hike in borrowing limits indicates a strong growth outlook and project pipeline; investors should maintain positions while tracking the resolution of legal arbitrations.
Bajel Projects Recommends ₹0.60 Dividend; Proposes Raising Borrowing Limit to ₹5,000 Cr
Bajel Projects has recommended a final dividend of ₹0.60 per share (30% of face value) for FY26, with the record date set for July 31, 2026. The board has also proposed a significant increase in borrowing limits from ₹3,500 crore to ₹5,000 crore, signaling potential expansion or capital requirements. Management changes were announced, including the appointment of Ms. Amee Joshi as Company Secretary and Mrs. Pooja Bajaj as a Non-Executive Director. Investors should note the ongoing arbitration with three customers for recovery of outstanding balances, which remains an area of monitoring.
Key Highlights
Recommended final dividend of ₹0.60 per equity share (30% of ₹2 face value) for FY26.
Proposed increase in borrowing limits from ₹3,500 crore to ₹5,000 crore subject to shareholder approval.
Record date for dividend eligibility is July 31, 2026, with payment starting August 11, 2026.
Appointment of Ms. Amee Joshi as Company Secretary & Compliance Officer effective May 27, 2026.
Ongoing arbitration proceedings with three customers for recovery of outstanding balances disclosed in audit report.
👀 What to Watch
Investors should maintain holdings until the July 31 record date to qualify for the dividend and monitor the AGM on August 7 for approval of the increased borrowing limits.
Bajel Projects Recommends ₹0.60 Dividend; Proposes Raising Borrowing Limit to ₹5,000 Crore
Bajel Projects Limited has announced its audited financial results for the fiscal year ended March 31, 2026, recommending a final dividend of ₹0.60 per share. A significant proposal was made to increase the company's borrowing limits from ₹3,500 crore to ₹5,000 crore to facilitate future growth and security requirements. The company also underwent management changes, appointing Ms. Amee Joshi as the new Company Secretary. Notably, the auditor's report included an 'Emphasis of Matter' regarding ongoing arbitration with three customers for the recovery of outstanding balances.
Key Highlights
Recommended a final dividend of ₹0.60 per equity share (30% of face value ₹2) for FY 2025-26.
Proposed a 42.8% increase in borrowing limits from ₹3,500 crore to ₹5,000 crore, subject to shareholder approval.
Auditor highlighted ongoing arbitration proceedings with three customers for recovery of outstanding balances.
Appointed Ms. Amee Joshi as Company Secretary and Compliance Officer effective May 27, 2026.
Appointed Mrs. Pooja Bajaj as an Additional Non-Executive Non-Independent Director.
👀 What to Watch
Investors should monitor the progress of the arbitration proceedings for fund recovery and the specific purpose behind the requested ₹1,500 crore increase in borrowing limits. The dividend provides a modest return, but the focus remains on the company's balance sheet health and legal outcomes.
Bajel Projects Bags Major EPC Order Worth ₹200-300 Cr for 765kV Substation in Maharashtra
Bajel Projects Limited has secured a 'Major' EPC order from PowerGrid Corporation of India Limited (PGCIL) for high-voltage substation works in Maharashtra. The contract, valued between ₹200 crore and ₹300 crore, involves constructing a 765kV AIS Substation at Pune East and extending existing facilities at Karjat and Lonikand-II. This project is part of a critical grid reinforcement initiative to alleviate transmission constraints in the industrial hub of Pune. The company is expected to complete the project within a 21-month timeframe, strengthening its position in the high-voltage transmission segment.
Key Highlights
Order value is categorized as 'Major', ranging between ₹200 Cr and ₹300 Cr inclusive of GST.
Awarded by PowerGrid (PGCIL) for the Pune East 765/400kV AIS Substation project.
Scope includes construction of a new substation and bay extensions at Karjat and Lonikand-II.
Project execution timeline is set at 21 months from the date of the Notification of Award.
👀 What to Watch
This order win provides strong revenue visibility and reinforces Bajel's technical credentials in the 765kV segment. Investors should monitor the company's execution progress and its impact on the order book growth in upcoming quarters.
Bajel Projects Bags Major 400kV Transmission Order Worth Rs 200-300 Cr from PGCIL
Bajel Projects Limited has secured a significant EPC contract from PowerGrid Corporation of India (PGCIL) for the construction of a 400kV transmission line. The order is classified as "Major," which according to company policy ranges between Rs 200 crore and Rs 300 crore. The project involves a 70 km transmission line in Karnataka designed to evacuate 3 GW of renewable energy. The execution timeline for this domestic project is set at 21 months, providing healthy revenue visibility.
Key Highlights
Order value categorized as 'Major', ranging from Rs 200 Cr to Rs 300 Cr inclusive of GST.
Contract awarded by PGCIL for a ~70 km 400kV (Quad) D/c transmission line in Karnataka.
Project supports the evacuation of 0.25 GW at Davanagere and 2.75 GW at Bellary renewable zones.
Execution period is 21 months from the date of issuance of the Notification of Award.
Strengthens Bajel's order book in the high-voltage 400kV and above transmission segment.
👀 What to Watch
Investors should view this as a positive development that validates Bajel's execution capabilities in the high-growth renewable energy evacuation space. Monitor the company's quarterly execution progress and margin maintenance over the 21-month project duration.
Bajel Projects Secures Ultra-Mega International Order Worth Over ₹400 Crores
Bajel Projects Limited has been awarded a significant EPC contract for 500 kV overhead transmission lines in the Middle East and North Africa (MENA) region. The order is classified as 'Ultra-Mega', indicating a value exceeding ₹400 Crores, and is part of a national grid reinforcement program. The project execution period is 11 months, providing strong short-term revenue visibility. This win highlights the company's successful expansion into high-voltage international markets and complements its domestic order book.
Key Highlights
Awarded 'Ultra-Mega' EPC order valued at ₹400 Crores and above
Project involves 500 kV overhead transmission lines (Lot 1 & 5) for a MENA-based client
Short execution timeline of 11 months from the commencement date
Expands international footprint beyond existing Saudi Arabian joint venture
👀 What to Watch
This order win enhances the company's order book and validates its international execution capabilities. Investors should monitor the company's ability to maintain margins in the competitive MENA EPC market.
Bajel Projects Bags Significant EPC Order Worth Rs 50-100 Cr from Tata Power
Bajel Projects Limited has secured a domestic EPC contract from Tata Power Company Limited for the 220 kV Kalwa Kalyan Pal Line project in Mumbai. The order is classified as 'Significant', which according to the company's internal policy, represents a value between Rs 50 crore and Rs 100 crore. The scope of work includes the construction of transmission lines on monopoles and associated foundation works. The project is slated for completion within a relatively short timeframe of 10 months, providing immediate revenue visibility.
Key Highlights
Awarded a 'Significant' EPC order from Tata Power Company Limited for power transmission works.
Order value is estimated between Rs 50 crore and Rs 100 crore inclusive of GST.
Project involves EPC of Monopoles for the 220 kV Kalwa Kalyan Pal Line in Mumbai.
Execution period is fixed at 10 months from the date of the Purchase Order issuance.
The contract is a domestic order and does not involve any related party transactions.
👀 What to Watch
Investors should view this as a positive development for Bajel's order book and should monitor the company's ability to execute this project within the tight 10-month deadline.
Bajel Projects Bags Record ₹700 Cr+ Ultra-Mega Order from MSETCL for Pune Substation
Bajel Projects has secured an Ultra-Mega EPC order valued at over ₹700 crore from Maharashtra State Electricity Transmission Co. Ltd. (MSETCL). This represents the largest single order in the company's power transmission history, providing significant revenue visibility for the next 23 months. The project involves the turnkey execution of a 400/220 kV substation and associated transmission lines in Pune. This win validates the company's RAASTA 2030 strategy of targeting high-value, complex infrastructure projects.
Key Highlights
Secured a ₹700 crore+ EPC order from MSETCL, the largest single order in the company's history.
Project involves establishing a 400/220 kV AIS Substation at Saswad, Pune, with 2x500 MVA capacity.
The contract includes a 23-month execution timeline from the date of the Notification of Award.
Order value exceeds the Ultra-Mega threshold of ₹400 crore as per the company's internal classification policy.
Scope covers complete turnkey execution including design, supply, erection, testing, and commissioning.
👀 What to Watch
This record-breaking order significantly strengthens the order book and provides clear revenue visibility; investors should monitor execution efficiency and margin maintenance. The stock is likely to react positively to this milestone achievement in the high-voltage segment.
Bajel Projects Partners with NIIF and AnantGrid for Power Transmission Projects
Bajel Projects Limited has signed a strategic collaboration agreement with the National Investment and Infrastructure Fund (NIIF) and AnantGrid Private Limited. This partnership aims to leverage NIIF's capital management of over $5 billion and Bajel's EPC expertise to bid for and execute large-scale power transmission projects in India. The collaboration is specifically designed to target opportunities arising from India's 500GW renewable energy target by 2030. This move strengthens Bajel's position in the grid modernization sector by aligning with a sovereign-linked investment partner.
Key Highlights
Strategic three-way collaboration between Bajel, NIIF, and AnantGrid for Indian power transmission.
Targets India's 500GW renewable energy integration goal by 2030 through grid modernization.
Combines NIIF's $5 billion+ investment management with Bajel's engineering and execution expertise.
Focuses on high-quality, cost-efficient project delivery to meet rising domestic and industrial demand.
Avener Capital acted as the sole financial advisor for this strategic collaboration.
👀 What to Watch
Investors should view this as a major positive catalyst that enhances Bajel's capability to secure high-value transmission contracts. Monitor the company's upcoming order book for joint bids involving NIIF and AnantGrid.
Bajel Projects Partners with NIIF for Power Transmission; to Hold 26% Equity Stake
Bajel Projects Limited has entered into a strategic collaboration agreement with the National Investment and Infrastructure Fund (NIIF) and Anantgrid Private Limited to jointly bid for power transmission projects in India. Under this framework, Bajel will hold a 26% equity stake in selected projects, while NIIF and its affiliates will hold the remaining 74%. Bajel will lead the Engineering, Procurement, and Construction (EPC) and execution, while NIIF will manage funding and investment. This partnership positions Bajel to benefit from India's 500GW renewable energy integration target by 2030.
Key Highlights
Bajel Projects to hold a 26% equity stake in joint power transmission project SPVs.
NIIF and Anantgrid to lead funding and asset management with a 74% majority stake.
Bajel will act as the lead EPC and execution partner for all successfully bid projects.
Partnership leverages NIIF's $5 billion+ capital management and Bajel's technical expertise.
Collaboration targets high-growth opportunities in India's grid modernization and renewable energy sectors.
👀 What to Watch
This is a significant strategic shift for Bajel from a pure EPC player to an asset owner, securing a long-term project pipeline. Investors should monitor the upcoming bidding rounds and the impact of capital deployment on Bajel's balance sheet.
Bajel Projects Partners with NIIF for Power Transmission; to Hold 26% Equity Stake
Bajel Projects Limited has entered into a strategic collaboration agreement with the National Investment and Infrastructure Fund (NIIF) and Anantgrid Private Limited to jointly bid for power transmission projects in India. Under the agreement, Bajel will hold a 26% equity stake in the selected projects, while NIIF and its affiliates will hold the remaining 74%. This partnership allows Bajel to leverage its EPC expertise while benefiting from NIIF's substantial funding and asset management capabilities. The collaboration aims to capitalize on India's 500GW renewable energy integration target by 2030.
Key Highlights
Bajel Projects to take a 26% equity stake in joint power transmission projects, moving beyond pure EPC services.
NIIF and its subsidiary Anantgrid will hold the majority 74% stake and lead funding and asset management.
Bajel will lead the Engineering, Procurement, and Construction (EPC) and execution phases for all joint projects.
The partnership targets the massive infrastructure demand created by India's goal of 500GW renewable energy by 2030.
Avener Capital acted as the sole financial advisor to Bajel for this strategic collaboration.
👀 What to Watch
Investors should view this as a significant strategic shift that secures a long-term project pipeline and provides equity upside. Monitor the company's upcoming bids and the capital allocation required for its 26% equity commitments.
Bajel Projects Signs Strategic JV with Saudi Arabia's Al Sharif Group for EPC Infrastructure
Bajel Projects has entered into an equal partnership Joint Venture with Saudi Arabia-based Al Sharif Contracting (ASC) to target the Kingdom's power infrastructure market. The JV will focus on Engineering, Procurement, and Construction (EPC) for high-voltage transmission lines and substations, aligning with Saudi Arabia's Vision 2030. This move marks Bajel's strategic entry into the international market, leveraging ASC's 40-year regional expertise and multibillion-dollar group backing. The partnership aims to bid for complex inter-regional corridors and renewable energy integration projects in the Middle East.
Key Highlights
Strategic equal partnership JV with Al Sharif Contracting, a multibillion-dollar Saudi Arabian group.
Focus on EPC projects in High Voltage (HV) and Extra High Voltage (EHV) infrastructure in KSA.
Leverages Al Sharif Group's 40-year history of infrastructure development in the Middle East.
Aligns with Saudi Arabia's Vision 2030, focusing on grid modernization and renewable energy integration.
Positions Bajel to bid for complex international inter-regional corridors and substation packages.
👀 What to Watch
Investors should view this as a significant growth catalyst that diversifies Bajel's revenue streams geographically. Monitor the JV's ability to secure large-scale contracts in the Saudi Arabian power sector over the coming quarters.
Bajel Projects Signs 50:50 JV with Saudi's Al Sharif for International EPC Expansion
Bajel Projects Limited has executed a Joint Venture Agreement with Saudi Arabia-based Al Sharif Contracting and Commercial Development Company to establish a new EPC entity in the Kingdom of Saudi Arabia. Both parties will hold an equal 50% stake in the venture, which will focus on High Voltage and Extra High Voltage infrastructure, including transmission lines and substations. Each partner has approved an initial investment of up to SAR 1 million (approximately USD 270,000). This strategic move allows Bajel to leverage the Saudi Vision 2030 infrastructure boom and diversify its revenue streams internationally.
Key Highlights
Formation of a 50:50 Joint Venture with Al Sharif Contracting for EPC business in Saudi Arabia.
Initial equity contribution of SAR 1 million (approx. USD 270,000) by each partner.
Target sectors include High Voltage (HV), Extra High Voltage (EHV), and underground cabling projects.
JV formation is expected to be completed within 3-6 months from the signing date.
Strategic alignment with Saudi Vision 2030 to participate in grid modernization and renewable energy integration.
👀 What to Watch
Investors should monitor the JV's progress in securing high-value contracts in the KSA region, as this marks a significant step in Bajel's global expansion. The partnership with an established local player like Al Sharif Group significantly de-risks entry into the Middle Eastern market.
Bajel Projects Bags ₹100-200 Cr Order from PGCIL for 765kV Mandsaur Substation
Bajel Projects Limited has secured a 'Large' EPC order from PowerGrid Corporation of India (PGCIL) for the extension of the 765kV Mandsaur Pooling Station. The contract is valued between ₹100 crore and ₹200 crore and is part of India's renewable energy interconnection augmentation strategy. This project complements Bajel's existing 260 km transmission line project in the same region, reinforcing its position in high-voltage infrastructure. The execution timeline is set for 18 to 30 months, aligning with the company's focus on margin-accretive growth.
Key Highlights
Awarded a 'Large' order valued between ₹100 Cr and ₹200 Cr inclusive of GST.
Contract involves 765kV AIS Bay Extension works at the Mandsaur Pooling Station for PGCIL.
Project execution timeline is 18 to 30 months from the date of Notification of Award.
The win leverages existing regional presence as Bajel is already executing a 260 km transmission line in the area.
Project is part of the Tariff Based Competitive Bidding (TBCB) route for RE interconnection.
👀 What to Watch
Investors should monitor the company's execution pace and its ability to maintain the EBITDA margin expansion seen in recent quarters. This order win strengthens the order book and confirms Bajel's competitiveness in the high-voltage EPC segment.
Bajel Projects Bags ₹100-200 Cr Order for 765kV Mandsaur Substation Extension
Bajel Projects Limited has secured a 'Large' EPC order from PowerGrid Corporation of India Limited (PGCIL) for the extension of the 765kV Mandsaur Pooling Station. The contract is valued between ₹100 crore and ₹200 crore and is expected to be completed within 18 to 30 months. This project is part of a larger initiative to augment transformation capacity for renewable energy interconnection through the Tariff Based Competitive Bidding (TBCB) route. The win complements Bajel's existing project of a 260 km transmission line in the same region, enhancing its footprint in high-voltage infrastructure.
Key Highlights
Secured a 'Large' EPC order from PGCIL valued between ₹100 Cr and ₹200 Cr.
Project involves 765kV AIS Bay Extension at the Mandsaur Pooling Station for RE interconnection.
Execution timeline is 18 to 30 months from the date of issuance of the Notification of Award.
The project follows the company's record Q3 results and focus on high-voltage infrastructure.
Synergistic with current execution of 260 route kms transmission line from Beawar to Mandsaur.
👀 What to Watch
Investors should note the company's successful transition into high-voltage EPC projects which typically offer better margins. The order reinforces the growth trajectory following strong Q3 results and alignment with national renewable energy targets.
Bajel Projects Q3 FY26: 9M Topline at ₹1,804 Cr and Order Book Reaches ₹2,912 Cr
Bajel Projects reported a strong performance for the nine months ended December 31, 2025, with a topline of ₹1,804 crore. The company's EPC order book remains robust at ₹2,912 crore, supported by significant wins from PGCIL for 765 kV and 400 kV transmission lines. Manufacturing output reached a record 39,525 MT for the 9M period, with plans to expand galvanization capacity at its Ranjangaon facility to 1,10,000 MTPA. The company is also successfully expanding its international footprint with new supply orders from Africa and Nepal.
Key Highlights
9M FY26 Topline reached ₹1,804 crore with a healthy EPC order book of ₹2,912 crore as of December 31, 2025.
Achieved highest-ever nine-monthly production of 39,525 MT at the Ranjangaon manufacturing unit.
Secured major 765 kV and 400 kV transmission projects from PGCIL and international orders from Liberia, Rwanda, and Cameroon.
Completed 10 major projects in 9M FY26, including a 400/220 kV GIS substation and 400 kV monopole transmission lines.
Proposed expansion of manufacturing capacity to 1,10,000 MTPA to support growing infrastructure demand.
👀 What to Watch
Investors should monitor the execution efficiency of the ₹2,912 crore order book and the margin profile of the newly acquired high-voltage projects. The company remains a strong contender in the power transmission sector due to its Bajaj Group lineage and integrated manufacturing capabilities.
Bajel Projects Q3 EBITDA Surges 45% to ₹32 Cr; Margins Expand 210 bps to 5.6%
Bajel Projects reported a strong operational performance in Q3 FY'26, with EBITDA growing 45% YoY to ₹32 Cr despite a 10% dip in revenue. This reflects a strategic shift towards high-margin, technically challenging power transmission projects rather than volume-driven growth. For the 9-month period, EBITDA margins improved by 130 bps to 4.8%, while PBT before exceptional items rose 30% to ₹23 Cr. However, PAT growth remained muted at 6% for 9M FY'26 due to one-time costs associated with new labor codes.
Key Highlights
Q3 EBITDA rose 45% YoY to ₹32 Cr, with margins expanding by 210 bps to 5.6%.
9M FY'26 EBITDA reached ₹87 Cr, a 38% increase over the previous year's ₹63 Cr.
PBT before exceptional items for Q3 grew by 209% YoY to ₹11 Cr.
Revenue for 9M FY'26 remained stable at ₹1,784 Cr, reflecting a focus on 'Quality of Earnings' over volume.
Successfully completed 10 projects in the last 9 months, focusing on Green Energy Corridor and ISTS.
👀 What to Watch
Investors should monitor the company's successful transition into a high-margin specialized EPC player. The significant expansion in EBITDA margins despite flat revenue suggests improved operational efficiency and better project selection.
Bajel Projects Reports 9M FY26 Topline of ₹1,804 Cr and Order Book of ₹2,912 Cr
Bajel Projects Limited reported a strong operational performance for the nine months ending December 31, 2025, with a topline of ₹1,804 crore. The company maintains a robust EPC order book of ₹2,912 crore, providing significant revenue visibility for the coming quarters. A key highlight is the achievement of its highest-ever nine-monthly production of 39,525 MT at the Ranjangaon facility. Furthermore, the company is aggressively expanding its international footprint with new orders from Liberia, Rwanda, and Nepal while securing high-value domestic projects from PGCIL.
Key Highlights
Reported 9M FY26 topline of ₹1,804 crore with an EPC order book standing at ₹2,912 crore as of December 31, 2025.
Achieved record nine-monthly production of 39,525 MT at the Ranjangaon manufacturing facility.
Successfully completed 10 major projects in 9M FY26, including 400 kV transmission lines and GIS substations.
Secured new international supply orders from Liberia, Rwanda, Nepal, and Cameroon, alongside major domestic 765 kV projects.
Initiated capacity expansion at the Ranjangaon unit to meet growing demand in the power transmission and distribution sector.
👀 What to Watch
Investors should focus on the company's ability to execute its ₹2,912 crore order book efficiently to maintain margins. The expansion into international markets and high-voltage domestic projects positions the company well for long-term growth in the infrastructure space.
