StockWatch
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Civil Construction
Deals13 Jun 2026, 02:00 pm

H.G. Infra Engineering receives LOI from REC Power

AI Summary

H.G. Infra Engineering Limited has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited on June 13, 2026. The LOI is for establishing an Inter-State Transmission system for the 'WR-ER Inter - Regional Network Expansion Scheme – Part C' through a tariff-based competitive bidding process in Jharkhand. This follows a previous announcement on May 27, 2026, where necessary details were already provided as per SEBI regulations.

Key Highlights

  • Received Letter of Intent from REC Power Development and Consultancy Limited.
  • Project involves establishing Inter-State Transmission system in Jharkhand.
  • LOI received through tariff-based competitive bidding process.
  • Confirms earlier announcement details provided on May 27, 2026.