Bajaj Electricals said that the engineering & project business unit of the company has bagged a new order worth Rs 1.08 billion. This is for turnkey construction of transmission lines from Maharashtra State Electricity Transmission Co.

This is for supply of towers, insulator, earth wire, hardware & accessories, survey, foundation, erection, stringing, testing and commissioning of transmission line on turnkey basis. The project needs to complete in 12 months from the date of LOA.

Shares of the company declined Rs 7.5, or 2.64%, to settle at Rs 276.85. The total volume of shares traded was 24,922 at the BSE (Tuesday).