HG Infra Engineering Ltd has been declared as the winning bidder for an intrastate transmission system (InSTS) project, under the tariff-based competitive bidding (TBCB) mechanism.

In a stock exchange communication, H.G. Infra Engineering Ltd (HGIEL) said that it has been declared winner for an InSTS-TBCB scheme in Uttar Pradesh, formally referred to as “Construction of 220/132/33 kV AIS substation, Ranipur (Mau) and 220/132/33kV AIS substation, Chunar (Mirzapur) with their associated lines.”

As reported by tndindia.com on May 25, 2026, HGIEL was in the fray for the project alongside four other contenders. (Read full story)

HGIEL quoted the winning tariff of Rs.450.11 million, being the annual transmission charges (tariff). The project will be developed under the build, own, operate & transfer (BOOT) model with a 35-year concession period.

As per the standard practice, the project SPV “Ranipur Chunar Power Transmission Ltd,” currently a wholly-owned subsidiary of bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL), will be transferred to HGIEL in due course.

For the Jaipur-headquartered HGIEL, the Ranipur-Chunar scheme marks the company’s potential entry in the InSTS development space, under TBCB.

The company is already present in the interstate transmission system (ISTS) space, under the TBCB mode, with “Angul Sundargarh Transmission Ltd” that was acquired in July 2025.

 

Intrastate scheme pending transfer

As per information available with tndindia.com, there are currently at least four InSTS-TBCB schemes, including the one under discussion, for which winners have been declared but the formal SPV transfer is pending. These are:

1. Mekhali Power Transmission Ltd (Karnataka): Dilip Buildcon
2. Hampapura Power Transmission Ltd (Karnataka): Resonia Ltd
3. Ryapte Power Transmission Ltd (Karnataka): Tata Power
4. Ranipur Chunar Power Transmission Ltd (Uttar Pradesh): H.G. Infra Engineering

Besides, RECPDCL, it is learnt, has selected winners (names unavailable yet) for two intrastate schemes in Maharashtra – Musalgaon and Jalna – but issuance of the letters of intent is pending approval from the state government.

 

Featured photograph is for representation only

 

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