G R Infraprojects has entered into a Share Purchase agreement with REC Power Development and Consultancy (RECPDCL) for acquisition of 100% Equity Shares of Rajgarh Transmission, wholly owned subsidiary of RECPDCL.
The company has been identified as the Selected Bidder vide Letter of Intent dated March 31, 2022 for Project 'Transmission system for evacuation of power from RE projects in Rajgarh (2500 MW) SEZ in Madhya Pradesh’. As a condition in the bid documents for the project, the company is required to acquire Rajgarh Transmission (SPV) by purchase of 100% Shares of SPV from REC Power Development and Consultancy. Cost of acquisition is Rs 5.53 crore.
G R Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.
