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BAJEL — Bajel Projects News Story

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India's Bajel Projects rises to 2-1/2-month high on contract worth $62.9 million

BUZZ-India's Bajel Projects rises to 2-1/2-month high on contract worth $62.9 million 

** Shares of India's Bajel Projects BAJL.NS rise as much as 4.3% to 201 rupees, their highest level since June 1

** The power infra company says it bagged an ultra-mega order worth more than 6 billion rupees ($62.92 million) for a 765kV transmission line package under the WR-ER Inter-Regional Network Expansion Scheme

** Adds that scope includes construction of 765kV double-circuit transmission lines connecting Raigarh (Tamnar), Raigarh (Kotra) and Dharamjaygarh in India's Chhattisgarh

** More than 470,152 shares change hands, about 1.6x the 30-day average volume, according to LSEG-compiled data

** Stock up 13.7%, YTD


($1 = 95.3525 Indian rupees)


(Reporting by Payel Das in Bengaluru)

((Payel.das@thomsonreuters.com))

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