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GR Infraprojects gets nod to acquire 100% stake in Bijapur REZ Transmission

08 Nov 2024 Evaluate

GR Infraprojects has received approval from board of directors for acquisition of 100% equity shares of Bijapur REZ Transmission, a wholly owned subsidiary formed by PFC Consulting.

The company has emerged as bidder with lowest quoted transmission charges during e?bidding stage for Project ‘Establishment of 400/220 kV, 5x500 MVA Pooling Station near Bijapur (Vijayapura), Karnataka Bijapur PS - Raichur New 400kV (Quad ACSR moose) D/c line and 400 kV line bays -2 nos. (at Raichur New) 2x125MVAr 420kV bus reactors at Bijapur PS’.  

As a condition of RFP of the Project, in order to undertake the Project, the Company shall purchase the Shares of ‘Bijapur REZ Transmission’ from PFC Consulting (Bid Process Co?Ordinator). The said acquisition will be completed by January 31, 2025. The board of directors at its meeting held on November 07, 2024 has approved the same. 

GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.

GR Infraprojects Share Price

873.75 -13.90 (-1.57%)
23-Apr-2026 16:59 View Price Chart
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