'H.G. Infra Engineering Limited has been declared as successful bidder by the REC Power Development and Consultancy Limited'.
HGINFRA · price
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H.G. Infra Engineering Limited has been declared as a successful bidder by REC Power Development and Consultancy Limited (a wholly owned subsidiary of REC Limited) to establish an Inter-State Transmission System for the WR-ER Inter-Regional Network Expansion Scheme in Jharkhand. The company will operate under a Build, Own, Operate and Transfer model for 35 years, with the project to be completed within 30 months. The contract carries annual transmission charges of Rs. 1145.34 Million, making this a significant infrastructure win in the power transmission sector. This is a domestic order secured through tariff-based competitive bidding.
This is a positive development as the company secures a long-term 35-year transmission contract worth over Rs. 1,100 million annually, providing steady revenue visibility. The order expands H.G. Infra's presence in power transmission infrastructure, which could be supportive for the stock.