India's Bajel Projects climbs on bagging $70 million order

Bajel Projects

24/07/2024 06:55

** Shares of Bajel Projects  BAJL.NS  jump 6%, biggest
intraday gain in about three weeks, to 284 rupees apiece
    ** Rise after the power transmission and distribution
business co secures order worth 5.86 billion rupees ($70
million) from Power Grid  PGRD.NS 
    ** Order related to the supply of goods and services for a
transmission line package for Beawar-Mandsaur transmission line
(Rajasthan-Madhya Pradesh) 
    ** Order is to be completed within 23 months, says BAJL in
an exchange filing
    ** Shares of BAJL have gained 114% in 2024 so far, helped by
at least five major order wins - Exchange data

($1 = 83.6880 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))