H.G. Infra Engineering Limited has been declared by the REC Power Development and Consultancy Limited
HGINFRA · price
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H.G. Infra Engineering Limited has been declared 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 associated transmission lines. The project will be executed under a Build, Own, Operate and Transfer (BOOT) model for a 35-year concession period. The company has 18 months to complete construction, with annual transmission charges of Rs. 450.11 million. This is a domestic order awarded through tariff-based competitive bidding.
This is a positive development as the company secures a transmission infrastructure project with guaranteed annual revenues of Rs. 450.11 million over 35 years, diversifying its order book in the power transmission segment.