H.G. Infra Engineering Qualified for ₹450 Mn/Year BOOT Transmission Project in UP

H.G. Infra Engineering Limited has been declared a qualified bidder by REC Power Development and Consultancy Limited for an Intra-State Transmission System project in Uttar Pradesh, under a tariff-based competitive bidding process. Project Scope: Assets: Construction of two 220/132/33 kV AIS substations at Ranipur (Mau) and Chunar (Mirzapur), plus associated transmission lines. Model: BOOT (Build, Own, Operate, Transfer) with a 35-year concession period. Timeline: ~18 months for construction; operational thereafter. Revenue: Fixed transmission charges of ₹450.11 million per year (~₹15.75 billion over concession life). Strategic Significance: Sector Diversification: Marks H.G. Infra's entry into power transmission infrastructure, complementing its core road/highway EPC portfolio. Annuity Visibility: Long-term BOOT structure provides predictable, inflation-linked cash flows with minimal volume risk. Regional Presence: Strengthens foothold in Uttar Pradesh, a high-priority state for power infrastructure upgrades under Saubhagya and Green Energy Corridors. Outlook: Final award is pending completion of bidding formalities. If secured, the project would enhance H.G. Infra's order book quality with a regulated-asset, long-tenor revenue stream. Execution efficiency during the 18-month construction phase will be critical to achieving target returns. $HGINFRA