Bajel Projects Limited is an engineering, procurement and construction (EPC) company focused on power transmission and distribution, providing turnkey solutions across EHV/extra-high-voltage transmission lines, AIS/GIS substations, monopoles, lattice towers, UG cabling and distribution projects, backed by an integrated manufacturing facility at Ranjangaon and a heritage originating from Bajaj Electricals post-demerger.

The company is executing a deliberate strategic pivot to 'quality of earnings' with margin-accretive project selection; EBITDA rose 38% for 9M FY’26 and Q3 FY’26 EBITDA improved to ₹32 crore (5.6% margin) despite a modest revenue contraction, highlighting improved execution efficiency and focus on profitability over volume.

Bajel holds an unexecuted order book of ₹2,912 crore (31 Dec 2025) with ~93% in transmission, while Ranjangaon production reached a 9M high of 39,525 MT and management has commenced capacity expansion and galvanizing capacity upgradation to support larger, higher-margin orders and export ambitions.

RAASTA 2030 articulates a multi-year roadmap to scale: initial organization building, digitization and margin improvement, followed by selective international EPC, product supply expansion, new adjacent businesses, and targets of high-single-digit EBITDA margins and double-digit revenue growth by the latter phase.