Bajel Projects, NIIF and AnantGrid forge collaboration for power transmission development
- March 10, 2026
Bajel Projects Ltd has announced the signing of a collaboration agreement with National Investment and Infrastructure Fund (NIIF) and AnantGrid Pvt Ltd (AnantGrid)
NIIF is a sovereign-linked alternative asset manager anchored by the Government of India while Anantgrid is a power transmission developer promoted by NIIF.
With India’s target of 500GW of renewable energy by 2030 and increasing domestic and industrial demand, robust transmission infrastructure is the need of the hour.
The collaboration agreement proposes to participate in the opportunities of mutual interest in the power transmission sector in India, emanating from the Government of India’s focus on renewable energy integration, grid modernization, and private sector participation, an official release said.
The framework aims to deliver high-quality and cost-efficient power transmission projects on time in India by combining:
- NIIF’s investment and asset management capabilities
- AnantGrid’s business development and project management capabilities, and
- Bajel’s engineering and execution expertise
Growth opportunity
Commenting on the collaboration, Rajesh Ganesh, MD & CEO, Bajel Projects Ltd, said, “The purpose of this collaboration is to contribute to the significant power transmission growth opportunity in India. We intend to leverage Bajel’s EPC expertise, NIIF’s investment management capabilities and AnantGrid’s project management acumen to deliver high-quality, timely and cost-efficient power transmission projects. While we will continue our focus on EPC execution with our clients, this is an additional opportunity for us to participate in India’s growth story. By investing in our own growth, we are ensuring that it is benefitting the Indian Grid.”
Contributing to India’s grid expansion
“AnantGrid views power transmission as central to India’s growth. As the country accelerates its energy transition, significant capex will be required to meet rising electricity demand. We remain focused on building high-quality, reliable transmission assets. Our partnership with Bajel strengthens this commitment, enabling us to jointly bid and deliver projects of mutual interest and contribute to India’s grid expansion,” according to Bimal Dayal, CEO, AnantGrid.
Featured photograph shows Bimal Dayal, CEO, AnantGrid (left) and Rajesh Ganesh, MD & CEO, Bajel Projects Ltd at the collaboration signing agreement on March 10, 2026