GR Infraprojects gets letter of intent for Bijapur REZ transmission project – CNBC TV18

Infrastructure company GR Infraprojects Ltd on Thursday (December 12) said it has received a letter of intent (LoI) from PFC Consulting Ltd for the “transmission scheme” to integrate Bijapur REZ (renewable energy zone).

“…we are pleased to inform you that our company has received a Letter of Intent dated 12th December 2024 from PFC Consulting Limited,” GR Infraprojects said in a regulatory filing.

The Karnataka project involves the establishment of a 400/220 KV, 5×500 MVA pooling station near Bijapur (Vijayapura), along with the construction of a 400 KV line between Bijapur PS and Raichur, and two 400 KV line bays at Raichur New.

Also Read: GR Infraprojects bags ₹903.5-crore contract from Maha Metro for Nagpur project

The quoted transmission cost for the project is ₹107.7 crore per annum under a build-own-operate-transfer (BOOT) model. The construction period for the project is estimated at 24 months.

In October 2024, GR Infraprojects said it had been awarded a ₹903.5-crore contract from the Maharashtra Metro Rail Corporation Ltd for the design and construction of an elevated metro viaduct in Nagpur.

“…we are pleased to inform you that our Company has received Letter of Acceptance dated 9th October 2024 from Maharashtra Metro Rail Corporation Limited (Nagpur Metro Rail Project),” GR Infraprojects said in a regulatory filing.

Also Read: NHAI cancels order worth ₹897 crore awarded to GR Infraprojects

The project spans 17.6 km and includes special railway spans of 79 and 100 metres each. The contract also covers a 1.14-km, six-lane double-decker portion featuring a vehicular underpass (VUP) as part of Reach-1A of the Nagpur Metro Rail Project’s second phase.

Shares of G R Infraprojects Ltd ended at ₹1,595.90, down by ₹14.35, or 0.89%, on the BSE.