G R Infraprojects has entered into Share Purchase Agreement with REC Power Development and Consultancy (RECPDCL) for acquisition of ‘Tumkur-II REZ Power Transmission’ (TRPTL). After this acquisition, TRPTL has become wholly owned subsidiary company of G R Infraprojects. Cost of acquisition is Rs 6.72 crore.
The company has been identified as the Selected Bidder vide Letter of Intent dated August 12, 2024 for Project ‘Establishment of 400/220 kV 4x500 MVA Pooling Station near Tumkur, Karnataka, Tumkur-II – Tumkur (Pavagada) line 400 kV (Quad ACSR Moose) D/c line and 2x125 MVAr 420 kV bus reactors with bays at Tumkur-II PS’. As a condition of RFP of the Project, in order to undertake the Project, the company shall purchase the Shares of Tumkur-II REZ Power Transmission from REC Power Development and Consultancy (Bid Process Co-Ordinator).
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.
