H.G. Infra Engineering Awarded Transmission Project in Jharkhand Worth ₹1145.34 Million Annually
H.G. Infra Engineering Limited has been awarded a transmission project in Jharkhand by REC Power Development and Consultancy Limited. The contract is for establishing an Inter-State Transmission system and has an annual consideration of ₹1145.34 Million (approx. ₹114.53 Crore) for 35 years. Execution is expected within 30 months.
The order value is significant and contributes to the company's order book, with a long-term revenue stream, but it does not represent a transformative change for the company.
The company has secured a new order, which is generally positive for business growth and revenue.
H.G. Infra Engineering Limited (HGINFRA) has been declared the successful bidder by REC Power Development and Consultancy Limited for establishing an Inter-State Transmission system in Jharkhand. This project, part of the "WR -ER Inter Regional Network Expansion Scheme – Part C", will be undertaken through a tariff-based competitive bidding process.
The Transmission Service Provider contract is for a duration of 35 years, with an estimated annual consideration of ₹1145.34 Million (approximately ₹114.53 Crore) in transmission charges. The project is natured as Build, Own, Operate and Transfer (BOOT) and is expected to be executed within 30 months.
REC Power Development and Consultancy Limited is a wholly-owned subsidiary of REC Limited. The company has confirmed that there are no promoter or promoter group interests in the awarding entity, and the contract does not fall under related party transactions.
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H.G. Infra Engineering Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by H.G. Infra Engineering Limited. Read the original for the full detail.