H.G. Infra Engineering declared qualified bidder for ₹337.58 Crore UP transmission project
H.G. Infra Engineering has been declared a qualified bidder by REC Power Development and Consultancy for constructing 220/132/33 kV substations and lines in Uttar Pradesh. The project, valued at ₹450.11 Million annually for 35 years, has an estimated execution timeline of 18 months.
The order is substantial and involves a long-term concession period, which can positively impact the company's revenue and order book. However, it's a qualification and not a final award, hence the medium impact.
The company has been declared a qualified bidder for a significant infrastructure project, indicating potential future revenue and business expansion.
H.G. Infra Engineering Limited (HGINFRA) has been declared a qualified bidder by REC Power Development and Consultancy Limited for the construction of substations and associated transmission lines in Uttar Pradesh. The project involves establishing a 220/132/33 kV AIS Substation in Ranipur (Mau) and another in Chunar (Mirzapur), along with their associated lines.
This significant contract, awarded through a tariff-based competitive bidding process, is for a period of 35 years. The nature of the order is Build, Own, Operate, and Transfer (BOOT). The transmission charges are valued at ₹450.11 Million per year, which translates to approximately ₹337.58 crore over the 35-year concession period. The execution of the project is expected to be completed within 18 months from the award.
H.G. Infra Engineering Limited has a history of undertaking large infrastructure projects, and this qualification marks another step in its growth trajectory within the power transmission sector. The company will be responsible for the construction, operation, and transfer of these critical power infrastructure assets.
What to do with a filing like this
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.