G R Infraprojects Acquires Bijapur REZ Transmission for ₹11.4 Crore

G R Infraprojects Limited has announced a significant development, informing the exchanges about its acquisition of Bijapur REZ Transmission Limited (BRTL) from PFC Consulting Limited (PFCCL).

Details of the Acquisition

The acquisition was formalised through a Share Purchase Agreement, making BRTL a wholly-owned subsidiary of G R Infraprojects Limited. The acquisition was completed at a price of ₹11,40,00,588, with the company purchasing 10,000 equity shares, each valued at ₹10, through itself and six nominees.

This acquisition is a crucial step for G R Infraprojects Limited as it aligns with the company’s strategic plan to execute the “Transmission Scheme for Integration of Bijapur REZ” in Karnataka.

The project, awarded through a Letter of Intent (LOI), involves establishing a 400/220 kV pooling station with a capacity of 5×500 MVA near Bijapur (Vijayapura) in Karnataka. The scheme also includes a 400 kV double-circuit transmission line connecting Bijapur PS to Raichur New, the installation of two 400 kV line bays, and two 125 MVAr 420 kV bus reactors at Bijapur PS.

This acquisition is a key requirement under the Request for Proposal (RFP) conditions for undertaking the project. It strengthens G R Infraprojects Limited’s footprint in the energy infrastructure sector while contributing to the integration of renewable energy zones (REZ) in Karnataka.

On January 17, 2025, G R Infraprojects share price (NSE: GRINFRA) opened at ₹1,331.00, touching the day’s high at ₹1,344.80, as of 9:40 AM on the NSE.

About G R Infraprojects Limited

G R Infraprojects Ltd is an integrated road Engineering, Procurement, and Construction (EPC) company with experience in designing and constructing various road/highway projects across 15 states in India. It primarily undertakes civil construction projects under the EPC and BOT (Build Operate Transfer) basis in the road sector.

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