New Delhi, March 16 -- Bajel Projects share price surged nearly 13% on Monday, March 16, following the company's acquisition of an ultra-mega contract worth over Rs.700 crore from MSETCL.

The Maharashtra State Electricity Transmission Co. (MSETCL), through their SPV SASWAD TRANSMISSION, has granted a contract for the construction of a 400/220 kV AIS Sub-Station.

This contract is set to be completed within 23 months from the date the Notification of Award is issued.

The project involves the comprehensive turnkey EPC implementation of a 400/220 kV Air Insulated Switchgear (AIS) substation located in Saswad, Pune, which includes the design, provision, installation, testing, and commissioning of the substation as well as all related transm...