Bajel Projects Secures Ultra Mega Order From PGCIL

13 Feb 2026 CW Team

Zee Entertainment Enterprises Limited rose two point nine four per cent while Dabur India Limited gained zero point three four per cent, reflecting selective buying across media and consumer names. Somi Conveyor Beltings Limited led gainers in the 'B' group and Ashiana Housing recorded momentum on strong booking conversions at its Gurugram project. Tata Steel also advanced after its quarter three profit after tax (PAT) soared over seven-fold to Rs 26.88 bn, underscoring earnings surprises driving sector rotation.

Analysts said the PGCIL contract is likely to enhance Bajel Projects order inflows and improve visibility on execution in the near term, supporting margin and cash flow projections. The nature of transmission and infrastructure contracts typically involves phased execution and milestone-based billing, which can moderate immediate earnings volatility while adding predictable work streams. Market reaction in the short term often reflects a reassessment of backlog and near-term revenue prospects.

Broader market sentiment remained cautious as investors awaited further corporate updates and macro indicators, but stock-specific developments continued to influence individual counters. Traders indicated that confirmation of project awards and clarity on timelines would be key to sustaining the rally in the coming sessions. Market watchers remained attentive to regulatory approvals and implementation schedules that could affect delivery and revenue recognition for engineering firms. Analysts said attention would shift to execution timelines and margin trends over the next quarters.

Bajel Projects Limited (Bajel Projects) advanced after winning an ultra mega order from Power Grid Corporation of India Limited (PGCIL). The announcement prompted buying interest in the stock as investors assessed the contract's potential to bolster the company order book. Market participants noted that orders from a state-owned grid operator tend to provide multi-year revenue visibility for engineering and construction firms. The deal underscores the company's growing presence in transmission projects. Zee Entertainment Enterprises Limited rose two point nine four per cent while Dabur India Limited gained zero point three four per cent, reflecting selective buying across media and consumer names. Somi Conveyor Beltings Limited led gainers in the 'B' group and Ashiana Housing recorded momentum on strong booking conversions at its Gurugram project. Tata Steel also advanced after its quarter three profit after tax (PAT) soared over seven-fold to Rs 26.88 bn, underscoring earnings surprises driving sector rotation. Analysts said the PGCIL contract is likely to enhance Bajel Projects order inflows and improve visibility on execution in the near term, supporting margin and cash flow projections. The nature of transmission and infrastructure contracts typically involves phased execution and milestone-based billing, which can moderate immediate earnings volatility while adding predictable work streams. Market reaction in the short term often reflects a reassessment of backlog and near-term revenue prospects. Broader market sentiment remained cautious as investors awaited further corporate updates and macro indicators, but stock-specific developments continued to influence individual counters. Traders indicated that confirmation of project awards and clarity on timelines would be key to sustaining the rally in the coming sessions. Market watchers remained attentive to regulatory approvals and implementation schedules that could affect delivery and revenue recognition for engineering firms. Analysts said attention would shift to execution timelines and margin trends over the next quarters.

Infrastructure Energy

16 Feb 2026

Jyoti Structures expands manufacturing capacity in Nashik

The announcement Jyoti Structures (JSL) reported steady operational performance in 2025, supported by stable project execution across its power transmission portfolio. The company commissioned galvanisation operations at its second Nashik manufacturing unit, adding 33,000 MT of annual capacity. This increased aggregate tower manufacturing capability at Nashik to approximately 69,000 MT per annum, aimed at improving fabrication accuracy, scheduling control and delivery predictability. JSL also expanded its workforce to over 750 employees, onboarding more than 70 engineers during the year. C..

Infrastructure Energy

16 Feb 2026

TSPL Mega Health Camp Reaches 338 Residents in Mansa

Talwandi Sabo Power (TSPL), Punjab’s largest and North India’s largest private thermal power plant, organised a Mega Health Camp at Village Raipur, Mansa, under its flagship healthcare initiative Project SEHAT. The camp benefitted 338 community members through free consultations and diagnostic services.A team comprising a General Physician, Gynaecologist, Dermatologist and Dentist provided medical advice and treatment. Beneficiaries received free diagnostic tests including BP, HB, blood sugar, malaria, dengue and blood group tests, along with free medicines.The camp was inaugurated by Vill..

Infrastructure Transport

16 Feb 2026

Mumbai Coastal Road Musical Path Plays Jai Ho

Mumbai inaugurated India’s first musical path on the Coastal Road that plays the song Jai Ho for motorists. The civic administration said the installation used Hungarian technology and that the intention was to implement the concept of Sangeet Marg in future projects. A senior official suggested implementing a pilot on the Samruddhi Expressway, which connects Mumbai and Nagpur. City officials described the inauguration as a symbolic demonstration of collaboration between municipal authorities and foreign partners. The inauguration was attended by the Consul General of Hungary Ferenc Jari, f..