New Delhi, May 14 -- Shares of Bajel Projects, a small-cap stock with a market capitalisation of Rs.2,100 crore, surged 17% in Thursday's trade, May 14, reaching a six-month high, after the company announced multiple order wins, further strengthening its order book and revenue visibility.

In separate regulatory filings, the company said the orders were awarded by Power Grid Corporation of India on behalf of its special purpose vehicles (SPVs), namely NES Pune East New Transmission Limited and Bellary Davanagere Power Transmission Limited.

The first order relates to Substation Contract SS137T for the construction of a 765kV new AIS substation at Pune East, along with bay extension works at Karjat Substation and Lonikand II Substation. Th...