Bajel Projects BAJEL
Bajaj group's power transmission and distribution EPC company, demerged from Bajaj Electricals in 2023, with its own tower plant
Mapped in 1 theme: Power Transmission & Grid.
Where Bajel Projects sits in the supply chain
Bajel Projects appears in 1 supply-chain layer in one theme, Power Transmission & Grid.
Power Transmission & Grid › Towers & line EPC
Direct supplierOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | 1,169 | 2,598 | 2,792 |
| Net profit | — | — | 4 | 15 | 20 |
Latest-year revenue ₹2,792 Cr (FY26, company-wide).
Note: years before its listing or not on Screener left blank.
Strengths
- Focused T&D EPC business with Bajaj group backing
- Bidding for 765 kV and international work to scale up
Risks
- Small, with thin and volatile margins while older low-margin contracts run off
- Order inflow is lumpy and competition from bigger EPC firms is intense
Common questions
What does Bajel Projects do?
Bajaj group's power transmission and distribution EPC company, demerged from Bajaj Electricals in 2023, with its own tower plant.
Where does Bajel Projects sit in the supply chain?
Bajel Projects (NSE: BAJEL) is mapped in 1 supply-chain layer: Towers & line EPC (Power Transmission & Grid).
Who are Bajel Projects' peers?
In the Towers & line EPC layer of Power Transmission & Grid: KEC International, Kalpataru Projects International, Transrail Lighting, Larsen & Toubro and Skipper.
What is Bajel Projects' market cap and valuation?
As of 6 Nov 2026: market cap ₹1,892 Cr, P/E 70.1x, ROCE 11.0%, ROE 4.1%, dividend yield 0.37%.