G R Infraprojects (NSE:GRINFRA, BOM:543317) agreed to acquire Bijapur REZ Transmission from PFC Consulting for 114 million Indian rupees, according to a Thursday filing with the Indian exchanges.
The acquisition is tied to the execution of a transmission project in Karnataka, India, including the establishment of a 400/220 kV pooling station and related infrastructure, G R Infraprojects said in the filing.
Following the transaction, Bijapur REZ Transmission becomes a wholly owned subsidiary of G R Infraprojects.