HG Infra Engineering Share Price in Focus; Receives LoI for Inter-State Transmission Project in Jharkhand

H.G. Infra Engineering Limited has received a Letter of Intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL) for an inter-state transmission system project. 

The project will be implemented through a tariff-based competitive bidding process in the state of Jharkhand.  

LoI Received from RECPDCL 

The company announced that it received the Letter of Intent on June 13, 2026. The award has been granted by REC Power Development and Consultancy Limited, which is involved in the development of power transmission infrastructure projects across the country.  

The LoI relates to the establishment of an Inter-State Transmission System under the "WR-ER Inter-Regional Network Expansion Scheme – Part C". 

The project is aimed at strengthening transmission connectivity between regions and enhancing power transmission infrastructure.  

Project To Be Executed in Jharkhand 

According to the company's disclosure, the transmission project will be developed in Jharkhand. The award follows the tariff-based competitive bidding process conducted for the project.  

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HG Infra Engineering Share Price Performance 

As of 15 June 2026, at 12:45 PM, HG Infra Engineering share price was trading at ₹573.95 per share, reflecting a surge of 1.96% from the previous close. 

Conclusion 

HG Infra has received a Letter of Intent from REC Power Development and Consultancy Limited for the WR-ER Inter-Regional Network Expansion Scheme - Part C in Jharkhand. The project will be executed through a tariff-based competitive bidding framework.  

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