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 – Part C' in Jharkhand. The company will operate under a Build, Own, Operate and Transfer (BOOT) model for 35 years as a Transmission Service Provider. The project is to be executed within 30 months and will generate annual transmission charges of Rs. 1145.34 Million. This is a domestic order awarded through tariff-based competitive bidding.
This contract represents a new long-term revenue stream for the company over 35 years, providing visibility of steady cash flows. The project execution timeline of 30 months will contribute to near-term order book growth.