In an exchange filing, the company said it received a Letter of Intent (LOI) for the establishment of “Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh Phase III and Evacuation of Power from RE Projects in Neemuch (1000 MW) SEZ in Madhya Pradesh Phase II” through a Tariff-Based Competitive Bidding Process (TBCB).
Scope of Project
The deal includes
- Establishment of 2×500 MVA, 400/220 kV S/s at Handiya along with 2×125 MVAr 420 kV Bus Reactor
- Creation of New 220 kV Bus section (3rd) with a 220 kV Bus sectionaliser and 400/220 kV, 3×500 MVA ICT augmentation on (7th, 8th & 9th).
- 3 Nos. 220 kV line bays for RE interconnection.
- 1 Nos. 220 kV line bay for RE Interconnection of Purvah Green Power Pvt. Ltd.
- Installation of 1×125 MVAR, 420 kV bus reactor at Pachora PS (400 kV Bus Sec on-II).
- 400 kV line bays: 4 Nos. (2 at Rajgarh(PG) & 2 at Pachora PS)
- 420 kV, Switchable Line Reactors (Sw LRs): 4 Nos. (2 at Rajgarh(PG) & 2 at Pachora PS)
- Switching equipment for 400 kV line reactor – 4 Nos. (2 at Rajgarh(PG) & 2 at Pachor PS)
- 400 kV D/c line (Quad ACSR/ AAAC/ AL59 Moose equivalent) along with associated line bays at both ends and 50 MVAr Switchable Line Reactors (Sw LR) on each circuit at both ends
- 400 kV D/c line (Quad ACSR/ AAAC/ AL59 Moose equivalent) along associated Line bays and 50 MVAr switchable line reactor (Sw LR) on each circuit at both ends.
- 400 kV D/c line (Quad ACSR/ AAAC/ AL59 Moose equivalent) along with associated bays at Pachora PS end and 50 MVAr Switchable Line Reactor (Sw LR) on each circuit at both ends.
- 400 kV D/c (Twin Moose) line at Handiya S/s
Q1 Results
In the Q1 results, the company reported a 57% year-on-year (YoY) jump in net profit at ₹244 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal year, GR Infraprojects posted a net profit of ₹155 crore.
Furthermore, the company’s revenue from operations dipped 2.1% to ₹1,988 crore as against ₹2,030 crore in the corresponding period of the preceding fiscal.
The shares of the company are trading with an uptick of ₹11.70, or 0.93%. The shares of the company have gained ₹42.90, or 3.49%, in the past month of trade. The current stock price stands at ₹1,270.40 per share.
Read Also: GR Infraprojects Q1 net profit jumps 57% to ₹244 crore despite lower revenue
