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GR Infraprojects acquires Rajgarh Neemuch Power Transmission

30 Sep 2025 Evaluate

GR Infraprojects has acquired Rajgarh Neemuch Power Transmission (RNPTL) from REC Power Development and Consultancy (formerly REC Power Distribution Company). Post the acquisition, RNPTL has become wholly owned subsidiary of the company. The company has paid around Rs 18.88 crore for the said acquisition.

The company has received a Letter of Intent (LOI) for the project ‘Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh - Phase III and Evacuation of Power from RE Projects in Neemuch (1000 MW) SEZ in Madhya Pradesh - Phase II’. As a condition of RFP of the Project, in order to undertake the Project, the company shall purchase the shares of RNPTL from REC Power Development and Consultancy (Bid Process Co-Ordinator).

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

890.85 -10.90 (-1.21%)
20-Apr-2026 16:59 View Price Chart
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