Bajaj Electricals Ltd. bagged an order worth Rs 564.2 crore from Power Grid Corp. for new transmission lines in Andhra Pradesh.
The scope of work includes a 400kV new transmission line for 83.1 km in Ananthapur and another 400kV transmission line for 183 km in Kurnool, the company said in an exchange filing on Friday.
The projects shall be completed within 21 months from the date of issue of their respective notices of action, the statement said.
ADVERTISEMENT
Shares of Bajaj Electricals closed 0.15% lower at Rs 1,070 apiece prior to the announcement, as compared with a 0.22% decline in the benchmark NSE Nifty 50.
WRITTEN BY
RECOMMENDED FOR YOU
Lok Sabha Elections 2024: Unsettled Coffee Planters' Dues Loom Large In Araku Constituency
May 05, 2024
Amara Raja Infra Bags 700 MWP Solar Project From Greenko In Andhra
Apr 19, 2024
Power Grid Approves To Raise Up To Rs 12,000 Crore Via Bonds In FY25
Apr 17, 2024
Power Grid Corp Bags Three Transmission Projects In Rajasthan, Gujarat
Apr 16, 2024
POPULAR
1
Hindustan Aeronautics Q4 Results Review - Well-Positioned To Capitalise On Opportunities: Nirmal Bang
2
GAIL Q4 Results Review - One-Offs Mar Quarter; Robust Guidance Maintained: Motilal Oswal
3
Lok Sabha Elections 2024 Live: Mumbai Voter Turnout At 38% Vs All India At 47% As Of 3 PM
4
KIMS Q4 Results Review - Weak Quarter; Margins To Improve: Prabhudas Lilladher
5