H.G. Infra Engineering Receives LOI from REC Power for ₹150 Crore Uttar Pradesh Substation Project
H.G. Infra Engineering Limited received a Letter of Intent from REC Power Development and Consultancy Limited for constructing substations and associated lines in Uttar Pradesh. The project was awarded through a tariff-based competitive bidding process. Further details were previously disclosed on May 26, 2026.
The announcement signifies new business for the company, which could contribute to revenue and growth, but the specific financial value of the LOI is not disclosed in this update, hence the medium impact.
The company has received a Letter of Intent for a new project, which is a positive development indicating new business acquisition.
H.G. Infra Engineering Limited (HGINFRA) announced on August 18, 2026, that it has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited for a significant project in Uttar Pradesh. The project involves the construction of 220/132/33 kV AIS Substations in Ranipur (Mau) and Chunar (Mirzapur), along with associated transmission lines.
This development follows a previous announcement made by the company on May 26, 2026, where initial details regarding the project were disclosed. The LOI was secured through a tariff-based competitive bidding process. HGINFRA has confirmed that all necessary details as per SEBI regulations were provided on the earlier date.
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.