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.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..