Bajel Projects Secures a 700 Crore Ultra-Mega Order from MSETCL for 400/220 kV Substation at Saswad, Pune
Mumbai, March 16, 2026: Bajel Projects Limited, a prominent player in the power transmission EPC sector, has secured an “ultra-mega” contract valued at over ₹700 crore from the Maharashtra State Electricity Transmission Company Limited (MSETCL). This milestone achievement marks the largest single order in the company’s history within the power transmission business. The project involves the turnkey execution of a massive 400/220 kV Air Insulated Switchgear (AIS) substation at Saswad in the Pune district, alongside the development of several associated transmission lines, the company said in a press release.
The comprehensive scope of the project covers everything from design and supply to the final testing and commissioning of the infrastructure. At its core, the Saswad facility will feature a greenfield 2×500 MVA substation equipped with a 1×125 MVAr Bus Reactor. To ensure the new hub integrates seamlessly into Maharashtra’s existing power grid, Bajel Projects will also undertake bay additions at three other substations and construct multiple high-voltage transmission lines using Line-In Line-Out (LILO) configurations. Strategically located to support the rapidly industrializing Pune region, the substation is designed with future expansion in mind to meet long-term energy demands and strengthen state-wide grid reliability.
Commenting on the landmark win, Rajesh Ganesh, Managing Director & CEO of Bajel Projects Limited, emphasized the project’s alignment with the company’s long-term growth objectives. “Securing this 700 Crores ultra-mega order from MSETCL is a milestone for Bajel Projects and a strong validation of our EPC capabilities in the high-voltage substation segment. A 400/220 kV substation of this scale in the Pune district is critical infrastructure that will strengthen Maharashtra’s transmission network and support the region’s growing industrial and urban power demand,” Ganesh stated.
The CEO further noted that the contract plays a pivotal role in the firm’s strategic roadmap. “This order reinforces our RAASTA 2030 strategy of expanding into high-value, high-complexity projects and deepens our partnership with one of India’s most important state transmission utilities. Our team is fully committed to delivering this project with the highest standards of quality and safety,” Ganesh added. Under the company’s internal classification system, “ultra-mega” status is reserved for project wins exceeding ₹400 crore, highlighting the significant scale of this latest engagement in Maharashtra’s high-voltage network.
