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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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 Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..