GR Infraprojects Share Price Gains As Company Emerges L1 Bidder For Major Transmission Project

GR Infraprojects Limited has taken a significant step in its power sector expansion, emerging as the L1 bidder for a high-value transmission system project in Madhya Pradesh. 

This development has coincided with a rise in its share price, reflecting market interest in the company’s growing role in India’s renewable energy infrastructure.

Project Overview

The company will establish the “Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh - Phase III and Evacuation of Power from RE Projects in Neemuch (1000 MW) SEZ in Madhya Pradesh - Phase II.”

This project will be executed through tariff-based competitive bidding and involves a range of high-capacity infrastructure developments to support renewable energy integration.

Key Project Details

• Annual Transmission Charges: ₹3,670.73 million
• O&M Period: 35 years
• Mode: BOOT (Build, Own, Operate, Transfer)
• Scheduled Completion: 24 months from SPV acquisition

Major Components

The transmission project includes:

• Establishment of a 2x500 MVA, 400/220 kV substation at Handiya with 2x125 MVAr 420 kV bus reactors.
• Augmentation of transformation capacity at Neemuch with additional 3x500 MVA ICTs and creation of new 220 kV bus sections.
• Installation of multiple 220 kV and 400 kV line bays for renewable energy interconnections.
• Implementation of switchable line reactors and associated high-voltage equipment at various substations, including Rajgarh and Pachora.

Bidding And Award Process

The bid process was coordinated by REC Power Development and Consultancy Limited, which conducted an e-reverse auction on August 13, 2025. GR Infraprojects’ emergence as the L1 bidder underscores its competitive capabilities in large-scale infrastructure tenders.

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GR Infraprojects Share Price Performance

As of 2:53 PM on August 14, 2025, GR Infraprojects share price was trading higher by 2.43%. This movement follows the company’s announcement of securing a critical transmission system contract.

Conclusion 

This project win marks a significant addition to GR Infraprojects’ portfolio in the renewable energy transmission space. Its execution will play a key role in strengthening power evacuation infrastructure in Madhya Pradesh.

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