### **Company Overview** Bajel Projects Limited (BPL) is a publicly listed EPC (Engineering, Procurement, and Construction) company in the power infrastructure sector, formerly the EPC division of Bajaj Electricals Limited. Spun off in December 2023, Bajel Projects now operates as an independent entity under the Bajaj Group, headquartered in Mumbai. With over two decades of experience, the company specializes in end-to-end turnkey solutions for power transmission, distribution, monopole technology, and international infrastructure projects. The company operates across four core business verticals: 1. **Power Transmission** 2. **Power Distribution** 3. **Monopoles** 4. **International EPC** BPL leverages in-house design, manufacturing, and execution capabilities, supported by a state-of-the-art facility in Ranjangaon, Maharashtra. As of March 2025, it employs 755 people and operates in over 7 countries. --- ### **Manufacturing & Production Excellence** - The **Ranjangaon manufacturing facility**, spanning 67,840 sqm and located 55 km from Pune, produces: - Transmission line towers - Monopoles - Lighting poles and high masts - Other fabricated metal structures - The plant includes a **fully enclosed galvanizing unit** with current capacity exceeding 60,000 MTPA (using Italian GIMECO Spa technology), compliant with ISO 1461 standards and equipped with an in-house quality control lab. - **Production Milestones (FY25/FY26):** - 132,882 poles and 44,741 metric tons produced in FY25. - Record production of **36,978 poles in Q1 FY26 (Jul–Sep 2025)** and **14,000 poles in a single month (Nov 2025)**. - Production volume reached **25,315 metric tons in H1 FY26**. - Capacity enhancements include a new TLT CNC machine and an automated ultrasonic testing facility to ensure quality. --- ### **Strategic Expansion & Capacity Development** - **Galvanization capacity** is being expanded to **110,000 MTPA** to meet growing internal and third-party demand. - Ongoing modernization through **digitization**, use of IoT, AI-driven dashboards, and digital Project Management Offices (PMOs) for real-time monitoring. - **Monopole manufacturing capacity** is being increased at Ranjangaon to address right-of-way challenges and support urban infrastructure growth. --- ### **Core Technical Capabilities** #### **1. Power Transmission** - Designs, constructs, and commissions **EHV transmission lines (132 kV to 765 kV AC, ±800 kV HVDC)**. - Projects include: - **400 kV Raipur–Dhamtari (88.65 km)** - **765 kV Beawar–Mandsaur DC line** (secured July 2024) - **765 kV Ghatampur–Hapur** and **Kurnool III–IV lines** for renewable energy evacuation - Has commissioned over **8,686 circuit kilometers** of transmission lines across 19+ Indian states. - In-house engineering enables design for challenging terrains (hills, forests, river crossings). #### **2. Substations** - Capable of delivering **AIS (Air-Insulated)** and **GIS (Gas-Insulated)** substations up to **765 kV**. - Commissioned **43+ substations** with over **2,000 MVA** of capacity. - Notable projects: - 400/220 kV substation at Dharamjaigarh - 220/33 kV GIS substation in Navi Mumbai (first data center project) - 220 kV AIS pooling station delivered within 9 months for solar grid #### **3. Underground Cabling** - Expertise in EHV underground cabling up to **220 kV**, using trenching and HDD technologies. - Completed over **1,100 km** of underground cabling in FY24–25, including RMUs and compact substations. #### **4. Monopole Technology Pioneer** - **India’s first mover** in monopole-based transmission infrastructure. - Key achievements: - India’s **first 400 kV monopole line** for PowerGrid (2007) - **World’s largest twin monopole** (192 MT) and **tallest/heaviest monopole** (92m tall, 256 MT, 4m diameter) - Completed **India’s longest 400 kV double-circuit line using 94 monopoles** (20 km, Noida) - Monopoles offer: - 50% faster erection - 90% less land footprint - Aesthetic and space-efficient design for urban areas - Supplied over **883 monopoles** domestically and internationally (110 kV to 400 kV). --- ### **Power Distribution & Rural Electrification** - Focus on rural and urban grid upgrades under schemes like **Saubhagya, RDSS, DDUGJY, and RGGVY**. - Project Execution Highlights: - **50,000+ villages electrified** in India - Over **2.6 million consumer connections** installed - 1,866 KM of HT lines, 7,577 KM of LT lines, and 3,747 DTs deployed in FY25 - International rural electrification: - **46 villages in Togo** (97 km MV + 127 km LV lines, funded by EXIM Bank of India) - Projects in Zambia, Kenya, and Ghana --- ### **International Presence & EPC Global Expansion** - Operates in **Kenya, Zambia, DRC, Togo, Ghana, Suriname, UAE, Qatar**, and expanding into South America and Europe. - Recent international milestones: - Completed **132 kV monopole transmission line in Zambia** (funded by European International Bank) - Executed **1,583 km low-voltage lines in Kenya**, connecting 27,000+ consumers - Supplied **6,900+ steel poles** and over **85 monopoles** globally in FY24 - Secured supply orders from **UAE, Yemen, Ghana, and DRC** - Strategy: - Focus on **funded projects** with stable payment mechanisms - Use of **cluster-based expansion** where proven execution records exist - Leverage of Indian port proximity for efficient logistics --- ### **Strategic Vision: RAASTA 2030 (2022–2028)** Six-year strategic roadmap to global leadership in power infrastructure: | **Phase** | **Focus** | **Key Objectives** | |---------|--------|------------------| | **Gear for Growth (Yrs 0–2)** | Digitization & global footprint | Digital transformation; international EPC expansion | | **Prepare for Scale (Yrs 2–4)** | Margin improvement, win rate | Enhanced profitability via supply chain, ops efficiency | | **Accelerate (Yrs 4–6)** | Growth & returns | Double-digit revenue growth, 15%+ ROCE, high single-digit EBITDA margins | **Strategic Pillars:** - **Geographic Growth**: Expand product footprint and EPC presence in Africa, Middle East, LATAM - **Portfolio Diversification**: Enter adjacent sectors: - **Data Centers** (landmark 220/33 kV GIS substation in Navi Mumbai) - **Battery Energy Storage (BESS)**: EPC services with OEM partnerships - **Metro & Rail Electrification**: OHE, traction substations, EHV cabling - **Industrial Electrification**: Turnkey infra for industrial parks - **Competitive Edges**: - Focus on **high-voltage, complex projects** with low competition - Selective entry into **higher-risk segments** only with secure funding or high barriers --- ### **Innovation & Future Initiatives** - **Center of Excellence (CoE)** for Design & Engineering to enhance: - Estimation accuracy - Surveying and 3D modeling - Foundation design innovation - **Digitization & AI**: - IoT-based monitoring of plant and projects - AI-powered dashboards for real-time KPI tracking and decision-making - **Sustainability**: - Flux Reduction System installed to minimize zinc ash and dross, improving efficiency in galvanization - Steel poles offer longer life, recyclability, and lower environmental impact vs. concrete --- ### **Financial & Operational Risk Management** - **Commodity Price Risk** (steel, copper, aluminium, zinc) is managed through: - Variable-price purchase orders - Supplier-led hedging - Direct OTC derivative contracts (e.g., LME-linked aluminium hedges) --- ### **Recent Major Orders (2024–2025)** - **Ultra-mega order (₹400+ crores)** from PowerGrid for: - 138 km 400 kV double-circuit line and substation expansion in Rewa, MP - 765 kV transmission line for **4.5 GW Kurnool REZ**, supporting renewable integration - First **greenfield 220 kV GIS substation** and **400 kV GIS package** from PGCIL - First **TL&SS order from Tata Power** (400 kV lines + GIS substation) ---