G R Infraprojects Acquires Bijapur REZ Transmission for INR114 Million

MT Newswires Live

01-17

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.

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