What we do Bajel Projects Ltd is a leading EPC company specializing in power transmission and distribution infrastructure, offering turnkey solutions including substations, transmission lines, monopoles, and cabling. |
Founded in 2,022 |
Market share Strong position in India's power transmission EPC sector with significant presence in power distribution and international markets. |
Problem solved Addresses critical infrastructure needs for high voltage power transmission and distribution to support India's growing energy demand and renewable integration. |
Top clients or who we serve Clients include major Indian utilities like Power Grid Corporation, state transmission firms, Tata Power, and international utilities in Zambia and Kenya. B2B focused. |
Key management Rajesh Ganesh (Managing Director & CEO), Ajay Nagle (Executive Director & CFO), and Shekhar Bajaj (Chairman) lead the company with significant industry expertise. |
Our journey and innovations Started as Bajaj Electricals subsidiary in 2022, demerged in 2023; completed major projects like 765/400 kV substations and expanded manufacturing capacity. |
Where we operate India (primary market) with ongoing projects and supply orders in Zambia, Kenya, Liberia, Rwanda, Togo, and Cameroon. |
Top products or what we offer EPC of EHV transmission lines, substations (AIS and GIS), power distribution networks, monopoles, high masts, underground cabling, and turnkey electrification projects. |
Top brands Not applicable; recognized for EPC project execution excellence in transmission and distribution sectors. |
Raw materials needed Steel, electrical components, cables, transformers, and galvanizing materials for manufacturing transmission infrastructure. |
Raw materials supplier Supplied by tier-1 industrial vendors and local suppliers; specifics not publicly disclosed. |
Recurring vs cyclical contribution Revenue is primarily project-based with cyclical patterns linked to infrastructure investment cycles. |
Our industry position Among top players in India’s power transmission EPC market with expanding international footprint and government-backed projects. |
Financial highlights FY 2024-25 Revenue ₹2598 Cr, Net Profit ₹15.46 Cr, EBITDA ₹90.16 Cr, showing strong growth and improving margins. |
Geographical revenue split India accounts for majority revenue (~97.5%), with international revenue around 2.5%. |
Order book Robust order book of approximately ₹2,912 Cr as of Dec 2025, focused on high voltage transmission and distribution projects. |
Whats driving growth Government investments in power infrastructure, renewable integration, strategic project wins, and manufacturing capacity expansion. |
Our future plans Expand EPC project portfolio, increase manufacturing output, deepen international market presence, and pursue margin improvement initiatives. |
Our green promise ISO 14001 certified; committed to environmental management and occupational safety in project execution. |
Our people and values Over 800 employees focused on safety, innovation, and performance; fostering culture of continuous improvement and inclusion. |
Key challenges ahead Managing project execution risks, supply chain volatility, competitive bidding, and regulatory changes. |
Interesting facts Successfully executed India's first 765 kV AIS substation and largest distribution order under the Saubhagya scheme. |
Risks and strategy Mitigates project execution, financial, and regulatory risks through strong governance, diversified portfolio, and focus on high-margin contracts. |
