GR Infraprojects Limited has approved the acquisition of Rajgarh Neemuch Power Transmission Limited and the divestment of its stake in GR Bahadurganj Araria Highway Private Limited, reflecting a strategic shift towards the renewable energy sector.

Information on the Target

GR Infraprojects Limited has announced its decision to acquire Rajgarh Neemuch Power Transmission Limited, a wholly owned subsidiary of REC Power Development and Consultancy Limited. This acquisition was approved by the company's board during their meeting on September 26, 2025. Rajgarh Neemuch, established on June 17, 2025, has an authorized and paid-up capital of ₹5 lakh, which consists of 50,000 shares valued at ₹10 each.

It is important to note that Rajgarh Neemuch is a newly incorporated entity, reporting no turnover or profit for FY25. GR Infraprojects emerged as the lowest bidder for the transmission projects associated with the 1500 MW renewable energy zone in Rajgarh and the 1000 MW zone in Neemuch, Madhya Pradesh. The acquisition is anticipated to be finalized by October 31, 2025, and will be conducted in cash, excluding any related party transactions.

Industry Overview in Madhya Pradesh

Madhya Pradesh is witnessing significant growth in the renewable energy sector, driven by a strong push from both state and central governments. The state has abundant natural resources, particularly in