G R Infraprojects Ltd has recently made an announcement regarding its successful bid from REC Power Development and Consultancy Ltd to undertake a transmission project situated in Madhya Pradesh. The nature of this project involves handling transmission charges on an annual basis, summing up to a substantial ₹41.9 crore.
G R Infraprojects Ltd, an infrastructure company in India, holds a rich legacy of over two decades in the construction and development domain. Established in 1995, the company operates in various sectors, including roads, highways, bridges, and irrigation projects. Known for its vision to deliver quality and timely execution, G R Infraprojects has successfully undertaken and completed numerous large-scale projects across the country. G R Infraprojects Ltd’s diverse portfolio also encompasses the operation and maintenance of infrastructure, such as highways and transmission systems, spanning an impressive 35-year tenure. With a focus on innovation, sustainability, and a robust track record, G R Infraprojects continues to be a driving force in India’s infrastructure landscape.
The infrastructure company has recently announced that REC Power Development and Consultancy Ltd has issued a Letter of Intent to them. This letter pertains to the project titled “Transmission System for Evacuation of Power from RE Projects in Rajgarh (1000 MW) SEZ in Madhya Pradesh‐Phase II.” This initiative forms a crucial component of the Inter‐State Transmission System Network and emerged through a competitive process known as Tariff-Based Competitive Bidding (TBCB). G R Infraprojects, as mentioned in its regulatory submission, is designated to undertake the establishment of the transmission system crucial for the evacuation of power. This initiative is specifically aimed at supporting the ambitious renewable energy projects within the Rajgarh SEZ. The Central Transmission Utility has been identified as the principal recipient of services rendered by G R Infraprojects in this particular undertaking, as per the regulatory filing.
The project is expected to finish in 24 months. Additionally, G R Infraprojects will be responsible for running and looking after the transmission system for 35 years. On the stock market, the shares of G R Infraprojects Ltd closed at ₹1,131.95, showing a decrease of ₹12.35, which amounts to 1.08%, on the BSE.