GR Infraprojects to Acquire Rajgarh Neemuch Power Transmission; Share Price in Focus

GR Infraprojects Limited informed exchanges that its board, at a meeting on September 26, 2025, approved two key matters. The company will acquire Rajgarh Neemuch Power Transmission Limited and will also divest its stake in GR Bahadurganj Araria Highway Private Limited

Power Transmission Acquisition

GR Infraprojects will purchase 100% equity in Rajgarh Neemuch Power Transmission Limited, a wholly owned subsidiary of REC Power Development and Consultancy Limited. The entity was incorporated on June 17, 2025, with an authorised and paid-up capital of ₹5 lakh, divided into 50,000 shares of ₹10 each.

The company reported no turnover or profit for FY25 since it is newly incorporated. GR Infraprojects emerged as the lowest bidder for transmission projects at Rajgarh (1500 MW) and Neemuch (1000 MW) renewable energy zones in Madhya Pradesh. Completion of the acquisition is expected by October 31, 2025. The transaction is for cash and does not fall under related party transactions

Highway Subsidiary Divestment

The board also cleared the divestment of its wholly owned subsidiary, GR Bahadurganj Araria Highway Private Limited. The sale involves a 100% equity stake and assignment of unsecured loans to Indus Infra Trust, earlier known as Bharat Highways InvIT.

As of March 31, 2025, the subsidiary contributed ₹23,848.15 lakh or 3.14% to consolidated income and ₹3,840.69 lakh or 0.45% to consolidated net worth. The transaction is to be completed by November 30, 2025, subject to due diligence, approvals, and definitive agreements. The deal will be conducted at arm’s length, as Indus Infra Trust is considered a related party

Read More: Tata Consumer Signs MOU with Government of India for ₹2,000 Crore Investment!

G R Infraprojects Share Price Performance

As of September 26, 3:30 pm, G R Infraprojects share price closed at ₹1,251, a 1.64% decrease from the closing price.

Conclusion

Both moves, acquisition and divestment, are part of the board approvals dated September 26, 2025. Final details such as acquisition cost and sale consideration will be shared once transactions are completed.

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