Dear shareholders,
It is with immense pride that I reflect on India's remarkable journey over the past
financial year. Our nation stands as the world's fourth-largest economy, a reflection of
its pulsating resilience and ambition. This growth has positioned India as a formidable
force on the global stage, driving innovation, investment, and opportunity across sectors.
The vision of Viksit Bharat by 2047 foresees India as a developed nation, characterized by
economic prosperity, and sustainable progress. This ambitious goal drives transformative
efforts across sectors, with a focus on infrastructure, innovation, and inclusive growth.
At Bajel Projects, we are particularly inspired by this momentum. By fostering strategic
partnerships, embracing cutting-edge technologies, and prioritizing excellence, we are
contributing to India's growth and empowering communities, aligning our efforts with the
nation's aspiration to become a global leader.
The opportunities in India's power transmission and distribution landscape are vast,
fuelled by the nation's push for infrastructure development and the global surge in
renewable energy. With targets to achieve 500 GW of renewable energy capacity by 2030,
India is rapidly expanding its solar, wind, and hydropower capabilities, driven by robust
policy support and increasing investments. Bajel Projects is strategically positioned to
seize these opportunities, not only within India but also on the global stage, where the
demand for sustainable energy solutions is rapidly growing. Our purpose drives us to go
the extra mile, scaling our capabilities to meet the diverse needs of this dynamic market.
In FY 2024-25, we intensified our efforts to expand our footprint in the power
transmission and distribution sector, delivering products and projects that set new
industry benchmarks. By refining our core competencies and undertaking large-scale
projects, from comprehensive EPC solutions to innovative monopoles, we are amplifying our
impact and contributing meaningfully to India's power infrastructure.
At the heart of our success is our people, supported by a robust organizational culture
and a clear charter. Our 750+ strong team embodies values that guide every decision and
action—courage, collaboration, a commercial mindset, integrity, and ownership.
Courage empowers us to tackle complex challenges and venture into emerging markets like
the data centre segment with confidence. Collaboration fosters strong partnerships with
teams, clients, and communities, ensuring a collective impact that drives progress. Our
commercial mindset balances innovation with pragmatism, creating sustainable value for all
stakeholders. Integrity remains the cornerstone of our operations, ensuring transparency
and ethical standards in everything we do. Finally, ownership instills a sense of
responsibility in every team member, ensuring accountability and excellence in delivery.
Bajel Projects is proud to play a pivotal role in nation-building, with execution as
our focus. Every project we undertake reflects precision, efficiency, and excellence. We
strive to not only meet but exceed expectations, reinforcing the trust we have earned over
the years and solidifying our reputation as an industry leader. Our vision for the future
is clear: to scale our impact, execute with precision, and live our values in every
endeavour. We are powering progress with integrity and creating a legacy that enriches
lives and empowers communities across the globe.
At Bajel Projects, we believe action is the cornerstone of success. Over the past year,
our strategic execution, disciplined decisions, and steadfast
resolvehavepowerfullydemonstrated this ambition. I extend my heartfelt gratitude for your
continued trust and partnership as we build a brighter, more sustainable future together.
We shall remain committed to Delivering Seamless Execution.
Warm regards,
Shekhar Bajaj
Chairman,
Bajel Projects Limited