Deals18 Aug 2026, 05:20 pm
H.G. Infra Engineering Receives LOI from REC Power for Substations
AI Summary
H.G. Infra Engineering Limited has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited, a subsidiary of REC Limited. The LOI is for the construction of 220/132/33 kV AIS Substations in Ranipur (Mau) and Chunar (Mirzapur), along with associated lines. This project was secured through a tariff-based competitive bidding process in Uttar Pradesh. The company had previously announced related details on May 26, 2026. This development signifies a new project win for H.G. Infra Engineering in the power infrastructure sector.
Key Highlights
- Received Letter of Intent from REC Power Development and Consultancy Limited.
- Project involves construction of two major substations and associated lines.
- Secured through a tariff-based competitive bidding process.
- Project located in Uttar Pradesh.
- Confirms ongoing business development in power infrastructure.
Price Impact
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