Bajel Projects Signs Collaboration Pact with NIIF and AnantGrid for Power Transmission Projects in India
The partnership aims to support the development of high-quality and cost-efficient transmission infrastructure as India works toward achieving its target of 500 GW of renewable energy capacity by 2030 and meeting rising industrial and domestic power demand.
Under the collaboration framework, the three partners will combine NIIF’s investment and asset management capabilities, AnantGrid’s business development and project management expertise, and Bajel’s engineering and execution strengths to deliver power transmission projects aligned with the Government of India’s focus on renewable energy integration, grid modernisation and greater private sector participation in the sector.
Commenting on the collaboration, Rajesh Ganesh, MD & CEO, Bajel Projects Limited, 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."
Commenting on the collaboration, Bimal Dayal, CEO, AnantGrid, said, “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.”
Published on:
10 March 2026
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