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BAJEL — Bajel Projects News Story

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India's Bajel Projects gains on order from Tata Power

BUZZ-India's Bajel Projects gains on order from Tata Power

** Shares of Bajel Projects BAJL.NS rise 1.9% to 160.20 rupees

** Heavy electrical equipment maker gets order worth 2 bln rupees to 3 bln rupees ($20.9 mln to $31.4 mln) from Tata Power Co TTPW.NS

** Order for supply and installation of 220kV gas insulated switchgear substations in Mumbai

** Trading vols 3x the 30-day average at 538,565 shares so far

** YTD, BAJL down ~8%


($1 = 95.6825 Indian rupees)


(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

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