Bajaj Energy IPO

About Bajaj Energy

Bajaj Energy (BEL), established in 2008, along with Lalitpur Power Generation Company (LPGCL), is one of the largest private sector thermal generation companies in Uttar Pradesh with a track record of developing, financing, and operating thermal power plants in India. The company’s aggregate installed capacity of 2,430 MW for the BEL Power Plants and the LPGCL Power Plant is fully contracted for under the long-term power purchase agreements (PPA) entered into with certain state government-owned procurers through UPPCL.

Strengths

• The company is one of the largest independent power producers in Uttar Pradesh with long-term, regulated PPAs with a take-or-pay feature.
• It is well-positioned to capitalize on the growth and demand of Uttar Pradesh’s power industry. As per CRISIL’s report, over 14 million households in Uttar Pradesh are not connected to power over Fiscals 2019 to 2022.
• It has a successful track record of developing, financing, and operating thermal power plants.
• It has a secured long-term fuel supply agreement with Central Coal Fields Limited, which is a subsidiary of Coal India Limited (CIL)