HG Infra gets letter of intent from REC arm to set up substations in UP
This story was originally published at 21:04 IST on 18 August 2026
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--HG Infra gets letter of intent from REC arm to set up substations in UP
NEW DELHI – H.G. Infra Engineering Ltd. Tuesday said it has received a letter of intent from REC Power Development and Consultancy Ltd., a wholly-owned subsidiary of REC Ltd., to construct substations in Uttar Pradesh.
H.G. Infra will construct a 220/132/33 kilovolt air-insulated switchgear substation in Ranipur village in Mau district and a 220/132/33 kilovolt air-insulated switchgear substation in Chunar village in Mirzapur district with their associated lines through a tariff-based competitive bidding process, the company said in an exchange filing.
For the June quarter, H.G. Infra reported a net loss of INR 451.39 million on revenues of INR 11.01 billion. REC reported a net profit of INR 41.49 billion on revenues of INR 142.96 billion. Tuesday, shares of H.G. Infra ended at INR 507.70 on the National Stock Exchange, down 1.3% from Monday. Shares of REC ended at INR 338.50, down slightly. End
Reported by Astha Oriel
Edited by Himanshi Gupta
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