Bajaj Electricals bags Rs 565 cr contract from South Bihar Power Distribution Company

Bajaj Electricals on Saturday said its EPC division has bagged a contract worth Rs 564.87 crore from South Bihar Power Distribution Company Ltd (SBPDCL).

The contract is for supply of goods and services by SBPDCL, a domestic entity, under the Revamped Distribution Sector Scheme (RDSS), the company said in a regulatory filing.

The work includes the supply of plant and installation services for the development of distribution infrastructure of electric supply circle Sasaram and Munger of Bihar, it added.

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The projects, whose aggregate value is Rs 564.87 crore "shall be completed within 30 months from the date of issue of contracts," it added.

Bajaj Electricals is a part of the country's leading business house Bajaj Group. It had a turnover of Rs 4,813 crore in FY22.