H.G. Infra Engineering Limited Receives Letter of Intent from REC for InterState Transmission Project
H.G. Infra Engineering Limited has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited. The intent relates to establishing an InterState Transmission system for the 'WR -ER Inter - Regional Network Expansion Scheme -Part C' in the state of Jharkhand.The receipt of the LOI, dated June 13, 2026, confirms H.G. Infra Engineering Limited’s involvement in this major infrastructure project. The establishment of the transmission system will proceed through a tariff based competitive bidding process.
This development follows an earlier announcement made by the company on May 27, 2026, providing initial details regarding the opportunity with REC Power Development and Consultancy Limited.
HGINFRA Stock Price Movement
On Friday, shares of H.G. Infra Engineering Limited rallied 3.55%, settling at ₹562.90. The stock traded within a narrow intraday range, hitting lows near ₹547.10 and highs near ₹567.00.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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