CapEx News

GR Infraprojects bags power transmission project in MP

Saint-Gobain India, a major player in sustainable construction materials, has officially begun construction of its 7th float glass line and 5th mineral wool insulation line at its facility in Oragadam, Chennai. 

This marks a significant step in the company's Rs 3,400 crore investment commitment. 

The new float glass line will boast a daily production capacity of 1,000 tonnes, while the mineral wool insulation line will be the largest of its kind for Saint-Gobain in the Asia Pacific region, with a capacity of 50,000 tonnes per year. 

This strategic expansion aims to meet India's burgeoning demand for high-performance, energy-efficient building materials, and is expected to create over 1,100 direct and indirect jobs.

GR Infraprojects bags power transmission project in MP

GR Infraprojects has received a Letter of Intent (LoI) from a Special Purpose Vehicle (SPV) for a significant power transmission project in Madhya Pradesh. 

The company was the lowest bidder for establishing a transmission system for the evacuation of power from renewable energy (RE) projects in the state. 

The project, which is awarded through a tariff-based competitive bidding process, involves the evacuation of power from a 1500 MW SEZ in Rajgarh and a 1000 MW SEZ in Neemuch. 

The annual transmission charges for the project are estimated at Rs 367 crore, and it is expected to be completed within 24 months from the date of the SPV's acquisition. 

This win highlights GR Infraprojects' diversification into the power sector and its role in strengthening India's green energy infrastructure.