As a condition of RFP of the project, in order to undertake the project, the company shall purchase the shares of Tumkur-II REZ Power Transmission from REC Power Development and Consultancy.
So, G R Infra has entered into share purchase agreement with REC Power Development and Consultancy (RECPDCL) for acquisition of Tumkur-II REZ Power Transmission (TRPTL). Tumkur-II REZ Power Transmission has become a wholly owned subsidiary of the company.
GR Infraprojects is engaged in construction of infrastructure facilities on engineering, procurement and construction (EPC) and built, operate and transfer (BOT) basis.
The company's consolidated net profit tumbled 49.83% to Rs 155.45 crore in Q1 FY25 as compared to Rs 309.84 crore recorded in corresponding quarter previous year. Revenue from operations fell 18.07% year on year (YoY) to Rs 2,030.30 crore in the quarter ended 30 June 2024.
Shares of G R Infraprojects added 0.89% to Rs 1,620.50 on the BSE.
0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024