H.G. Infra Engineering Limited has been declared a qualified bidder by REC Power Development and Consultancy Limited for the construction of two transmission substations in Uttar Pradesh. The project, awarded through a tariff-based competitive bidding process, involves the establishment of a 220/132/33 kV AIS Substation in Ranipur (Mau) and another in Chunar (Mirzapur), along with their associated lines. This development positions the company to secure a long-term infrastructure contract in the power transmission sector.

The order follows a domestic tender process and operates on a Build, Own, Operate, and Transfer (BOOT) basis. The project entails establishing an Intra-State Transmission System with a concession period of 35 years. REC Power Development and Consultancy Limited, a wholly owned subsidiary of REC Limited, issued the qualification under the regulatory framework governing listing obligations.

Project Details

The execution timeline for the transmission infrastructure is set at 18 months. The financial consideration for the contract is structured around transmission charges, which are fixed at ₹450.11 million per year. The project scope encompasses the full lifecycle of the transmission assets, from construction to operation, before eventual transfer.

Key Contractual Terms

The disclosure was made to the exchanges pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not involve any related party transactions and that the promoter group holds no interest in the entity awarding the contract.

H.G. Infra Engineering has postponed its Board of Directors meeting, which was originally scheduled for Friday, May 22, 2026. The company cited unavoidable circumstances for the delay and announced that the meeting will now be convened on a later date, which shall be intimated separately in due course.

The earlier meeting, notified on May 18, 2026, was convened under Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agenda had included the consideration and approval of audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, as well as a recommendation for a final dividend.

Revised Status of Agenda

With the postponement, the consideration of the following items has been deferred:

Trading Window Closure

The Trading Window for dealing in the securities of H.G. Infra Engineering remains closed for all designated persons and their immediate relatives. The closure, effective from April 01, 2026, will continue to be in force until 48 hours after the declaration of the financial results, which are now pending the rescheduled meeting.