G R Infraprojects Wins a ₹367 Crore Transmission Project in Madhya Pradesh; Share Price in Focus

G R Infraprojects Limited has informed the exchanges that it has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited for 2 major transmission projects in Madhya Pradesh, as per exchange filings.

Project Scope And Value

The LOI covers the transmission system for the evacuation of power from RE projects in Rajgarh (1500 MW) SEZ – Phase III and Neemuch (1000 MW) SEZ – Phase II, both awarded through a tariff-based competitive bidding process. 

The first element involves the establishment of a 2x500 MVA, 400/220 kV substation at Handiya, along with 2x125 MVAr 420 kV bus reactors. This project carries annual transmission charges of ₹3,670.73 million, an O&M period of 35 years, and will be executed on a BOOT basis with a scheduled completion timeline of 24 months from SPV acquisition.

Key Infrastructure Additions

The Neemuch Phase II project entails the creation of a new 220 kV Bus Section-II at Neemuch PS with augmentation of capacity by 3x500 MVA, 400/220 kV ICTs (3rd, 4th & 5th) and construction of 4 Nos. 220 kV line bays for renewable energy interconnection. Additional works in Phase III include another 220 kV bus section (3rd) with sectionaliser, 3 ICTs (7th, 8th & 9th), 3 Nos. 220 kV line bays for RE interconnection, and 1 line bay for Purvah Green Power Pvt. Ltd. At Pachora PS, a 1x125 MVAr, 420 kV bus reactor will be installed. 

The scope also includes 4 Nos. 400 kV line bays, 4 Nos. 420 kV switchable line reactors, associated switching equipment, and multiple 400 kV D/c lines (Quad ACSR/AAAC/AL59 Moose equivalent) with 50 MVAr switchable line reactors at both ends, in addition to a 400 kV D/c (Twin Moose) line at Handiya substation.

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GR Infraprojects Share Price Performance 

As of August 28, 2025, at 10:50 AM, GR Infraprojects share price is trading at ₹1,271.70 per share, reflecting a surge of 0.86% from the previous closing price.

Conclusion

With this LOI, G R Infraprojects has expanded its presence in the transmission sector, reinforcing its role in supporting renewable energy evacuation infrastructure in Madhya Pradesh. The projects, backed by REC Power Development and Consultancy Limited, are designed to ensure long-term operational efficiency under a 35-year O&M commitment, aligning with India’s push for robust renewable energy integration.

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