H.G. Infra Engineering Limited has informed the Exchange regarding 'Receipt of Letter of Intent from PFC Consulting Limited'.
HGINFRA · price
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Awaiting price reaction for this filing.
H.G. Infra Engineering has received a Letter of Intent (LOI) from PFC Consulting Limited to act as the transmission service provider for an Inter State Transmission System under the 'Eastern Region Generation Scheme – I (ERGS-I)' in Odisha. The project will be executed through a tariff-based competitive bidding process. This is a continuation of an earlier announcement dated June 11, 2025. No contract value or revenue impact has been disclosed in the filing.
This is a positive development as it expands HGINFRA's order book in the power transmission segment, though the absence of a disclosed contract value limits immediate assessment of its size or earnings impact on the stock.