Bajel Projects forms 50:50 JV with ASC in Saudi Arabia
Bajel Projects Limited has signed a joint venture agreement with Al Sharif Contracting and Commercial Development Company (ASC) to set up a new entity in the Kingdom of Saudi Arabia. The agreement, executed on February 17, 2026, establishes a 50:50 partnership to pursue Engineering, Procurement, and Construction (EPC) opportunities in the high-voltage transmission and substation segment. The proposed joint venture company (JVCo), which is yet to be incorporated, will undertake EPC projects involving High Voltage…