G R Infraprojects’ stock up by more than 2%, after company wins new project

G R Infraprojects Ltd stock is up by more than 2% today, August 14, 2025. At 3:15 p.m. IST, the stock is up by 2.26% at Rs 1,265.

The company has turned up as the lowest bidder for a major transmission project in Madhya Pradesh. The transmission project aims at evacuating renewable energy from special economic zones within the state.

The scope entails transmission of 1,500 MW from the Rajgarh SEZ (Phase III) and 1,000 MW from the Neemuch SEZ (Phase II). REC Power Development and Consultancy Ltd invited bids under a tariff-based competitive bidding process. The final round was an e-reverse auction on August 13, 2025.

As per the contract, the company will:

• Will establish a 2×500 MVA, 400/220 kV substation at Handiya with bus reactors.
• Add three 500 MVA transformers to Neemuch substation and provide extra 220 kV bus sections.
• Construct new line bays in Neemuch, Rajgarh and Pachora substations for connecting renewable projects.
• Install several switchable line reactors and construct 400 kV double-circuit lines with high-capacity conductors.

It will be undertaken under the Build-Own-Operate-Transfer (BOOT) model. It has an annual transmission tariff of ₹3,670.73 million and comes with a 35-year operations and maintenance term. It is expected to be completed within 24 months from the acquisition date of the special purpose vehicle (SPV) by the company.

G R Infraprojects stated that it will issue further communications in accordance with the stock exchange regulations. The company has also shut down its trading window for the specified persons in accordance with insider trading requirements.

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