G R Infraprojects Limited has informed the Exchange about receipt of Letter of Intent for Transmission Project.
GRINFRA · price
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Awaiting price reaction for this filing.
G R Infraprojects has received a Letter of Intent from REC Power Development and Consultancy Limited (a government PSU) for a transmission project covering the Rajgarh (1500 MW) and Neemuch (1000 MW) renewable energy zones in Madhya Pradesh. The project will be executed under the Tariff Based Competitive Bidding process on a BOOT basis, with a 24-month completion timeline from SPV acquisition. Annual transmission charges are Rs. 3,670.73 million (Rs. 367 crore) with a 35-year O&M period, indicating a multi-decade revenue stream. This follows an earlier announcement dated 14th August 2025, confirming the formal award stage.
This is a sizeable, long-tenure order that strengthens the company's order book and provides predictable annuity-style revenue for 35 years post-commissioning. Likely to be viewed positively by investors, as it reinforces GR Infraprojects' position in the power transmission EPC and TBCB space.