G R Infraprojects Wins Bid for Tumkur‐II REZ Transmission Scheme

On August 6, 2024, G R Infraprojects Limited announced that it has emerged as the L-1 bidder for the establishment of the “Transmission Scheme for Integration of Tumkur‐II REZ” in Karnataka. This project was awarded through a tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT) basis. The announcement was made via a stock exchange filing.

The bid process for this significant project was coordinated by REC Power Development and Consultancy Limited (formerly known as REC Power Distribution Company Limited), which conducted an e-reverse auction on August 6, 2024. As the successful bidder, G R Infraprojects Limited will be responsible for the development of the Transmission System, which includes several key components.

The project involves the establishment of a 400/220 kV 4×500 MVA pooling station near Tumkur, Karnataka. Additionally, the scope includes the construction of a 400kV DC line from Tumkur‐II to Tumkur (Pavagada), which will feature two 400kV line bays. The transmission system will also include the installation of two 125 MVAr 420 kV bus reactors with bays at the Tumkur‐II pooling station.

This achievement reflects G R Infraprojects Limited’s capability and competitive edge in the infrastructure sector, demonstrating its commitment to advancing critical transmission infrastructure in Karnataka. The successful completion of this project will play a crucial role in enhancing the power transmission capacity and reliability in the region.

In Q1 FY 2025, the company experienced a 9.04% decline in total income, decreasing from ₹22,035 million in Q1 FY 2024 to ₹20,047 million. Profit after tax (PAT) also fell by 5.90%, from ₹2,080 million in Q1 FY 2024 to ₹1,957 million in Q1 FY 2025. As of June 30, 2024, the company’s order book stands at ₹1,49,746 million.

About G R Infraprojects Limited

G R Infraprojects Ltd is a comprehensive road engineering, procurement, and construction (EPC) firm specialising in the design and execution of road and highway projects across 15 states in India. The company focuses on civil construction projects executed under both EPC and BOT (Build-Operate-Transfer) models within the road sector.

On August 7, 2024, the share price of G R Infraprojects Ltd opened at ₹1,641.35, touching the day’s high at ₹1,644.90, as of 10:27 AM on the NSE.

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