G R Infraprojects emerges L1 for Transmission System project

G R Infraprojects Limited has emerged as L-1 bidder to establish "Transmission System for Evacuation of Power from RE Projects in Rajgarh (2500 MW) SEZ in Madhya Pradesh" through tariff based competitive bidding (TBCB) process on build own operate and maintain (BOOM) basis.

REC Power Development and Consultancy Limited (formerly REC Power Distribution Company Limited), the Bid Process Coordinator (BPC) has conducted e-reverse auction on 10th March, 2022 for selection of Transmission Service Provider (TSP) on the basis of international competitive bidding in accordance with the "Tariff Based Competitive Bidding Guidelines for Transmission Service" and "Guidelines for Encouraging Competition in Development of Transmission Projects". The responsibility of the TSP would be to establish the Transmission System comprises of 400/220kV Substation at Rajgarh and 400kV Double Circuit Transmission Line in Madhya Pradesh.

Shares of G R Infraprojects Ltd was last trading in BSE at Rs. 1436.05 as compared to the previous close of Rs. 1413.80. The total number of shares traded during the day was 5364 in over 1077 trades.

The stock hit an intraday high of Rs. 1530.00 and intraday low of 1413.80. The net turnover during the day was Rs. 7739244.00.

Source : Equity Bulls

Keywords

GRInfraprojects INE201P01022 GRINFRA Construction Engineering L1Bidder TransmissionSystem BOOMBasis