Bajel Projects has secured its largest-ever transmission order worth approximately INR 1,500 crore, including GST, for 765 kV transmission lines and substation works in Gujarat, supporting the evacuation of nearly 14 GW of renewable power.
Oct 28, 2026
Bajel Projects Limited has received multiple letters of award from Lakadia A Power Transmission Limited for Engineering, Procurement and Construction (EPC) works on a major power transmission project in Gujarat. The combined order value is approximately INR 1,500 crore, including GST.
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The project includes approximately 270 km of 765 kV double-circuit transmission lines connecting Halvad and Vadodara, along with additional works at the Halvad, Vadodara and South Olpad substations. The infrastructure forms part of a wider transmission system designed to evacuate nearly 14 GW of renewable power from the Lakadia, Jam Khambhaliya and Jamnagar regions.
The project covers power evacuation associated with Lakadia Phase II (7.5 GW), Jam Khambhaliya Phase II (5.5 GW) and Jamnagar Phase I (1 GW). It is expected to strengthen grid connectivity and support the integration of renewable energy into India’s national transmission network.
Lakadia A Power Transmission Limited is a Special Purpose Vehicle (SPV) transferred by Power Finance Corporation Consulting Ltd to AnantGrid Projects One Private Limited (AGPOPL), which is jointly owned by Bajel Projects (26%) and the National Investment and Infrastructure Fund (NIIF) (74%). The project developer secured the transmission project through the tariff-based competitive bidding process in August 2026.
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The order strengthens Bajel Projects’ position in the power transmission and distribution sector, with the company taking on the dual role of EPC contractor and equity stakeholder in the project developer. The contract is classified as an ultra-mega order under the company’s order classification policy.
