Shares of Bajel Projects Ltd rallied 5% to hit a day’s high of Rs 251.20 on 9th July, after the company announced a major capacity expansion at its Ranjangaon facility in Maharashtra, aiming to nearly triple its galvanisation output over the next two years.

The firm plans to boost its galvanisation capacity from 40,500 MT to 1,10,000 MT per year at its Ranjangaon facility. This expansion will occur in phases between Q4 FY26 and Q4 FY27. It will cost Rs 170 crore and will be funded through internal accruals and debt.

The move comes as the unit is running at 98% capacity. The company aims to meet rising in-house demand and tap into growing sales in both domestic and global markets.

Last week, Bajel Projects also announced a ‘mega’ order worth Rs 300–400 crore for a 400 kV transmission line project. This order covers the Siwani-Jind TL04 package under the Bikaner REZ Phase IV transmission system. It was awarded by Power Grid through competitive bidding.

The contract involves building a 99 km 400 kV transmission line within 18 months. This will be done under an engineering, procurement, and construction (EPC) model.

At 11:49 AM, the shares of Bajel Projects were locked in the 5% upper circuit at Rs 251.20 on NSE.

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