Bajel Projects has the EPC order for the Lakadia A transmission scheme in Gujarat, worth Rs 1,500 crore including GST. The job is about 270 km of 765 kV double-circuit line from Halvad to Vadodara, plus work at three substations. When we logged this scheme in September, the line route was public but no value had been disclosed. Now there is a value, a contractor and a 36-month clock, and owners of foundation machines between Morbi and Vadodara can start planning around it.
The quick facts
- Award: letters of award from Lakadia A Power Transmission Limited to Bajel Projects, disclosed to the exchanges under Regulation 30 on 26 October 2026. The company calls it the largest transmission order in its history.
- Value: Rs 1,500 crore including GST, for transmission line and substation works. The filing does not split that between the line and the substations.
- Scope: about 270 km of 765 kV double-circuit line from Halvad to Vadodara, plus works at the Halvad, Vadodara and South Olpad substations. Execution period is 36 months from the purchase order.
- Ownership: the SPV belongs to AnantGrid Projects One, which is 26pc Bajel and 74pc NIIF. The order is a related-party transaction and has shareholder approval.
What Bajel Projects disclosed
Bajel disclosed the order on Monday evening. Business Upturn and Kalkine both reported it with the same value, route and substation list, and Kalkine added the 36-month term and the related-party detail. PFC Consulting transferred the SPV to AnantGrid after AnantGrid won the tariff-based bidding in August. The scheme is the common transmission system that will carry about 14 GW of renewable power out of Lakadia, Jam Khambhaliya and Jamnagar. Ceigall India holds the Part-B letter of intent on the same system.
CNBC-TV18 reported a second Bajel order the same day: about Rs 200 crore from Tata Power for 400 kV gas-insulated substations at Dharavi and Ghatkopar in Mumbai, due in 18 months. Indoor substations on tight city plots need far fewer machines than the Gujarat line.
Who gets the machine work on a 270 km line?
The earthwork is in the tower foundations. If spans are close to the usual 400 m for this voltage, 270 km is somewhere around 650 to 700 tower locations. That is our estimate, because the filing gives no tower count. Every location needs four leg pits dug, shuttered, concreted and backfilled, so the work suits mid-size excavators and backhoe loaders that can be moved to the next pit by low-bed or on their own wheels. Foundation concrete comes in by transit mixer where there are roads, and from small site batching set-ups where there are none.
The 36-month term covers three dry seasons, roughly October to mid-June each year. Monsoon months in central Gujarat slow pit work on farmland, so most of the excavation will happen in those windows.
The bigger point for fleet owners is how much 765 kV work Gujarat now has at once. Ceigall’s Part-B line, Jyoti Structures’ GETCO Pachchham-Saykha line and KEC International’s Rs 2,872 crore of Power Grid lines in Gujarat all need the same foundation crews.
Our take: because the client is part-owned by Bajel, payment and site access should be less of a fight than on a normal third-party job. Line contractors usually sub-let foundation stretches all the same. Owners with excavators and backhoe loaders in Morbi, Surendranagar and Vadodara districts are likely to get hire enquiries before any machine purchase follows. That fits the hire-first pattern in our power and renewable energy equipment guide.
What to watch
- The purchase order date, which starts the 36-month clock, and any split of the Rs 1,500 crore between line and substation work.
- Foundation sub-contracts by stretch on the Halvad-Vadodara route, and what foundation crews start charging per pit in central Gujarat.
- EPC awards under Ceigall’s Part-B, which would put a second big line crew into the same districts.
FAQ
What order did Bajel Projects win?
EPC work for the Lakadia A transmission project in Gujarat, worth Rs 1,500 crore including GST. It covers about 270 km of 765 kV double-circuit line from Halvad to Vadodara and works at the Halvad, Vadodara and South Olpad substations.
Who awarded it, and why is it a related-party deal?
Lakadia A Power Transmission Limited, an SPV owned by AnantGrid Projects One. Bajel holds 26pc of AnantGrid and NIIF holds 74pc, so the order counts as a related-party transaction. The company says shareholders have approved it.
Which machines will the project need?
Mostly excavators and backhoe loaders for tower foundation pits, transit mixers or small batching set-ups for foundation concrete, and cranes at the substation sites. No tower count or line-substation value split has been disclosed.
Related on DesiMachines: Ceigall’s Rs 5,300 crore Part-B letter of intent on the same Gujarat system
Source: Kalkine India
Excavator
294 models 
Backhoe Loader
51 models 
Crane
68 models 
Concrete Mixer
79 models 
Wheel Loader
54 models 
Compactor / Roller
45 models 
Motor Grader
42 models 
Concrete Pump
66 models 
Skid Steer Loader
11 models 
