G R Infraprojects' subsidiary receives licence from CERC; Stock sheds 4%

15 Sep 2022 , 09:17 AM

G R Infraprojects Limited has informed to the exchanges regarding receipt of Transmission Licence by Rajgarh Transmission Limited, wholly-owned subsidiary of the Company.

Rajgarh Transmission Limited has received transmission licence from Central Electricity Regulatory Commission vide order on September 13, 2022 for its project “Establishment of Transmission system for evacuation of power from RE projects in Rajgarh (2500 MW) SEZ in Madhya Pradesh”, subject to the fulfilment of the certain conditions throughout the period of licence.

“The transmission licence shall, unless revoked earlier, remain in force for a period of 25 years from the date of issue”, the company said on Wednesday.

On Thursday at around 9:17 AM, G R Infraprojects Ltd is currently trading at Rs1,318.35 per share down by Rs56.85 or 4.13% from its previous closing of Rs1,375.20 per share on the BSE.

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