Bajel Projects has secured a significant contract worth over ₹400 crore with the Egyptian Electricity Transmission Company (EETC) for the construction of two sections of a 500 kV overhead transmission line in Cairo, Egypt. According to reports from CNBC TV18, the company announced the formalisation of this landmark agreement on Wednesday, marking a defining moment for the infrastructure firm. The agreement was signed by Rajesh Ganesh, Managing Director & CEO of Bajel Projects, in the presence of Suresh K Reddy, Ambassador of India to Egypt, along with senior dignitaries from both countries.
The contract involves the construction of two contiguous sections — Lot 1 and Lot 5 of a 500 kV Overhead Transmission Line (OHTL), as reported by CNBC TV18. The combined order falls under the ultra-mega category and represents a significant expansion of Bajel Projects' international portfolio. The project forms part of Egypt's flagship national grid reinforcement programme aimed at strengthening the country's high-voltage transmission network and enabling reliable power evacuation to support its growing economic and industrial demand.
On the NSE, Bajel Projects shares were trading 5.33% higher at ₹186.49 following the announcement, according to CNBC TV18. Commenting on the development, Ganesh stated that winning the order marked a defining moment for Bajel Projects and reflected global confidence in the company's engineering capabilities, execution rigour and ability to deliver complex high-voltage infrastructure projects in international markets. The agreement further consolidates the company's position as an international EPC partner in the high-voltage transmission segment and builds on its expanding presence in the MENA region, including its joint venture in Saudi Arabia and recently launched subsidiary in Abu Dhabi.
As reported by CNBC TV18, the agreement was formalised at a signing ceremony held in Cairo, following the company's earlier intimation on April 29, 2026, regarding the transmission line order in the MENA region. The contract represents a significant milestone in Bajel Projects' international expansion strategy, strengthening its footprint in the MENA region and demonstrating the company's growing capabilities in complex high-voltage infrastructure projects across international markets.
