Rs 19,410.40 crore order book: Transmission construction company receives LOA of Rs 367.1 crore from REC Power Development and Consultancy Ltd
DSIJ Intelligence-1 / 28 Aug 2025/ Categories: Mindshare, Trending
The stock is up 49 per cent from its 52-week low of Rs 902.05 per share.
G R Infraprojects Limited has been awarded a Letter of Award (LOA) from REC Power Development and Consultancy Limited for a significant power transmission project. The project, valued at an annual transmission charge of Rs 367.10 crore, will be executed on a Build, Own, Operate, and Transfer (BOOT) basis over 35 years. The scheduled completion time is 24 months from the acquisition of the Special Purpose Vehicle (SPV) formed for this project.
The scope of work is extensive, including the establishment of a 2x500 MVA, 400/220 kV substation at Handiya, along with the installation of a 2x125 MVAr, 420 kV bus reactor. Additionally, the project involves several other key tasks, such as augmenting the transformation capacity at Neemuch substation with new transformers and creating new 220 kV bus sections. It also includes the construction of multiple 220 kV and 400 kV line bays at various substations like Neemuch, Pachora, and Rajgarh, as well as the installation of switchable line reactors and the construction of new 400 kV double-circuit transmission lines. This comprehensive project aims to enhance the region's power transmission infrastructure.
About the Company
Established in 1995, G R Infraprojects Ltd is an integrated road EPC company experienced in designing and constructing various road and highway projects across India. Primarily focused on civil construction through EPC and BOT models in the road sector, GRIL has designed and built over 100 road projects across numerous states. Its core business includes EPC, BOT, and HAM projects in roads, as well as EPC in railway, metro, airport runways, and OFC; the company has also diversified into power transmission and manages 10 operational assets.
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According to the financials, GR Infraprojects Ltd has a market cap of over Rs 12,000 crore and the order book as of June 30, 2025, stands at Rs 19,410.40 crore. The company reported positive numbers in its Quarterly Results (Q1FY26) and annual results (FY25). The shares of the company have a PE of 11x, an ROE of 13 per cent and an ROCE of 14 per cent. The stock is up 49 per cent from its 52-week low of Rs 902.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.