GR Infraprojects Limited (GRIL) has made a significant stride in expanding its infrastructure portfolio. The company's wholly owned subsidiary, GR Logistics Park (Indore) Private Limited, has successfully secured a major project for the development of a Multi Modal Logistics Park near Pithampur in Dhar District, Madhya Pradesh.

Project Details

The subsidiary executed a concession agreement with National Highways Logistics Management Limited on June 19, 2023. This ambitious project comes with a bid cost of ₹758.10 crore and encompasses the development, operation, and maintenance of the logistics park.

Project Execution and Timeline

The Multi Modal Logistics Park project will be executed on a Design, Build, Finance, Operate and Transfer (DBFOT) basis through a Public Private Partnership model. Key aspects of the project include:

• Construction Period: 2 years
• Total Operation Period: 45 years (including the construction period)

Strategic Importance

This project marks a significant milestone for GR Infraprojects, showcasing the company's capabilities in handling large-scale infrastructure projects. The Multi Modal Logistics Park is expected to play a crucial role in enhancing the logistics infrastructure in the region, potentially boosting economic activities and improving supply chain efficiencies.

Conclusion

The securing of this ₹758.10 crore project by GR Infraprojects' subsidiary underscores the company's growing presence in the infrastructure sector. As the project unfolds over the coming years, it will be interesting to observe its impact on both the company's growth trajectory and the logistics landscape of Madhya Pradesh.

GR Infraprojects Limited (GRIL) has secured a significant transmission project in Madhya Pradesh, marking a major milestone in the company's expansion in the power sector. The project, aimed at evacuating power from renewable energy sources, underscores the growing importance of green energy infrastructure in India.

Project Details

GRIL received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited for establishing a transmission system to evacuate power from renewable energy projects in Madhya Pradesh. The project encompasses two major components:

1. Rajgarh (1500 MW) SEZ Phase III
2. Neemuch (1000 MW) SEZ Phase II

The contract comes with an annual transmission charge of ₹3,670.73 million (approximately ₹367.07 crore), highlighting the project's scale and importance in the region's power infrastructure.

Scope of Work

The comprehensive project involves several key elements:

• Establishment of new substations
• Creation of bus sections
• Augmentation of transformer capacity
• Construction of transmission lines and associated equipment

Key locations for the project include:

1. Handiya: Establishment of a 2x500 MVA, 400/220 kV substation with 2x125 MVAr 420 kV Bus Reactor
2. Neemuch: Creation of a new 220 kV Bus Section-II and augmentation of transformation capacity
3. Pachora: Installation of reactors and creation of line bays

Project Timeline and Model

The project follows a Build, Own, Operate, and Transfer (BOOT) model with the following specifics:

• Completion Timeline: 24 months from SPV acquisition
• Operations and Maintenance Period: 35 years

Significance of the Project

This project is a testament to GR Infraprojects' growing prowess in the power transmission sector. It aligns with India's push towards renewable energy integration and demonstrates the company's commitment to developing crucial infrastructure for sustainable power distribution.

The substantial annual transmission charges indicate the project's long-term revenue potential for GRIL, potentially boosting the company's financial outlook in the coming years.

As India continues to expand its renewable energy capacity, projects like these play a vital role in ensuring efficient power evacuation and distribution, contributing to the nation's green energy goals.