H.G. Infra Engineering Limited has been declared as a qualified bidder by the REC Power Development and Consultancy Limited'.
HGINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
H.G. Infra Engineering Limited has been declared as a qualified bidder by REC Power Development and Consultancy Limited (a wholly owned subsidiary of REC Limited) for constructing two 220/132/33 kV AIS substations at Ranipur (Mau) and Chunar (Mirzapur) in Uttar Pradesh, along with their associated transmission lines. The project will be executed under a Build, Own, Operate and Transfer (BOOT) model for 35 years, with an execution timeline of 18 months. The annual transmission charges are Rs. 450.11 million per year. This is a domestic order secured through tariff-based competitive bidding.
Being declared a qualified bidder is a positive signal as it indicates the company is on track to win a significant transmission infrastructure contract, which could add steady recurring revenue over 35 years. However, this appears to be the qualification stage rather than a final contract award.