Deals12 Aug 2024, 09:28 pm
G R Infraprojects Ltd Receives Letter of Intent for Transmission Scheme in Karnataka Worth Rs. 537.70 Million
AI Summary
G R Infraprojects Ltd has received a Letter of Intent from REC Power Development and Consultancy Limited for the establishment of a 'Transmission scheme for integration of Tumkur-II REZ in Karnataka'. The project includes the establishment of a 400/220 kV 4x500 MVA Pooling Station near Tumkur, Karnataka, a 400 kV (Quad ACSR Moose) D/c line from Tumkur-II to Tumkur (Pavagada), and 2x125 MVAr 420 kV bus reactors with bays at Tumkur-II PS. The project is worth Rs. 537.70 Million and will be completed in 24 months under a BOOT (Build, Own, Operate, Transfer) model.
Key Highlights
- G R Infraprojects Ltd received Letter of Intent for a transmission scheme in Karnataka worth Rs. 537.70 Million.
- The project includes the establishment of a 400/220 kV 4x500 MVA Pooling Station near Tumkur, Karnataka.
- The project also includes a 400 kV (Quad ACSR Moose) D/c line from Tumkur-II to Tumkur (Pavagada) and 2x125 MVAr 420 kV bus reactors with bays at Tumkur-II PS.
- The project will be completed in 24 months under a BOOT (Build, Own, Operate, Transfer) model.
- Trading window for dealing in the securities of the Company for all designated persons will remain close upto the completion of 48 hours after the announcement as per the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code of Prohibition of Insider Trading.