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March 10, 2026 – Bajel Projects Limited (Bajel), a leading player in India’s Power EPC sector and part of the Bajaj Group, has announced the signing of a collaboration agreement with the National Investment and Infrastructure Fund (NIIF), a sovereign-linked alternative asset manager anchored by the Government of India, and AnantGrid Private Limited (AnantGrid), a power transmission developer promoted by NIIF.

As India moves toward its ambitious target of achieving 500 GW of renewable energy capacity by 2030, the demand for a robust and modern power transmission network continues to grow. The collaboration between Bajel, NIIF and AnantGrid aims to address this need by combining their respective strengths to deliver high-quality, cost-efficient and timely power transmission projects across the country.

The agreement sets the stage for the three partners to explore and participate in opportunities of mutual interest within India’s power transmission sector. It aligns closely with the Government of India’s focus on renewable energy integration, grid modernization and greater private sector participation in infrastructure development.

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 as at present, 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.”

This partnership represents a shared commitment to advancing India’s energy infrastructure and supporting the nation’s transition toward a more sustainable and resilient power ecosystem.