Bajaj Electricals has announced the formation of a unified lighting business, and the appointment of key executives. In a release, Bajaj Electricals said that it has appointed Ravindra Singh Negi as Chief Operating Officer (COO) of its Consumer Products Read more
Bajaj Electricals Ltd (BEL) has announced its partnership with wtec, is a global developer of technology dedicated to innovation, reducing environmental impact, and enabling smart building use cases throughout the built space. The company Read more
Bajaj Electricals has announced the formation of a new wholly-owned subsidiary to undertake the business of power transmission & distribution. In a stock exchange filing, the Mumbai-headquartered Bajaj Electricals announced that a wholly-owned subsidiary “Bajel Projects Ltd” was incorporated Read more
The board of directors of Bajaj Electricals, in its meeting on January 3, 2022, approved the proposal of permanent closure of operations at the company’s manufacturing unit located at Shikohabad in Uttar Pradesh. The step has been taken in Read more
“Over the past couple of years, the Power Transmission and Power Distribution business verticals have sharpened their operational focus, ensuring project closures, increased cash flows, reduction in receivables and repayment of most of the debt, whilst simultaneously focusing Read more
Bajaj Electricals Ltd expects that its EPC business, which is currently making losses, will turn around by FY23. In an investor conference, the senior management of Bajaj Electricals Ltd, observed that the entire EPC business, comprising illumination, power distribution Read more
Bajaj Electricals will focus on the illumination business, as part of its EPC activities. This is also reflected in lower order book of the other two EPC segments – transmission line towers (TLT) and power distribution (PD). The outstanding Read more
The board of Bajaj Electricals Ltd (BEL), in a meeting held on May 25, 2021, approved a scheme for “merger by absorption” of Starlite Lighting Ltd, with BEL. This scheme is subject to various statutory and regulatory approvals, including Read more
Bajaj Electricals has said that most of its EPC project sites, which were adversely impacted by the pandemic-induced lockdown in Q1 of FY21, are now operational. “The outbreak of COVID-19 globally and in India has caused significant disturbances and Read more
In a span of less than a week, Bajaj Electricals has announced the winning of electrification orders worth nearly Rs.6,000 crore. These orders involving rural and urban electrification will be implemented in Uttar Pradesh. Both the orders are Read more