H.G. Infra Engineering Limited Declared Qualified Bidder for Uttar Pradesh Power Infrastructure
H.G. Infra Engineering Limited has been declared a qualified bidder for a significant power infrastructure project in Uttar Pradesh. The qualification comes from REC Power Development and Consultancy Limited, a wholly owned subsidiary of REC Limited.The initiative involves establishing an Intra-State Transmission System through a tariff based competitive bidding process. The scope of work includes the construction of two major substations and their associated lines in the state of Uttar Pradesh.
The specific projects covered are:
1. 220/132/33 kV AIS Substation, Ranipur (Mau)
2. 220/132/33kV AIS Substation, Chunar (Mirzapur)
The contract is categorized as Build, Own, Operate and Transfer (BOOT), and the deal is domestic in nature.
Contract and Project Details
The details surrounding the contract award are as follows:| Particulars | Details |
|---|---|
| Awarding Entity | REC Power Development and Consultancy Limited (A wholly owned subsidiary of REC Limited) |
| Project Scope | Transmission Service Provider through tariff based competitive bidding process to establish Intra-State Transmission System for 'Construction of 220/132/33 kV AIS Substation, Ranipur (Mau) and 220/132/33kV AIS Substation, Chunar (Mirzapur) with their associated lines' in Uttar Pradesh. |
| Contract Nature | Build, Own, Operate and Transfer (BOOT) |
| Duration | 35 years |
| Execution Period | 18 Months |
| Transmission Charges | Rs. 450.11 Millions Per Years |
| Origin | Domestic |
The contract requires H.G. Infra Engineering Limited to establish the power infrastructure in Uttar Pradesh for a period of 35 years. The financial consideration for the transmission charges stands at Rs. 450.11 Millions Per Years. The entire process was conducted through a tariff based competitive bidding mechanism.
HGINFRA Stock Price Movement
H.G. Infra Engineering Limited shares slipped today, settling at ₹596.25, representing a 0.66% decline in after-hours trading. The equity saw significant activity, trading on a total volume of 71,740 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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