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Bajaj Electricals to demerge power transmission & distribution business

Wednesday, 09 Feb 2022
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Bajaj Electricals will demerge its power transmission and distribution (T&D) business into a separate company to create a sector-focused firm.

The board approved the scheme of arrangement between Bajaj Electricals (the demerged company) and Bajel Projects (the resulting company) subject to the approval of shareholders.

The segregation will enable both the companies to move forward independently, with greater focus and specialisation, building on their respective capabilities and their strong brand presence.

After the demerger, Bajaj Electricals will have two business segments - Consumer Product segment and, Engineering Procurement and Construction segment.

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