G R Infraprojects Limited — JV/Acquisition, 16-01-2025: Acquisition

G R Infraprojects Limited has entered into a share purchase agreement to acquire Bijapur REZ Transmission Limited for ₹11.40 crore. This acquisition makes Bijapur REZ a wholly-owned subsidiary of G R Infraprojects. The strategic purpose is to ensure eligibility for a key transmission project in Karnataka, which involves establishing a pooling station and enhancing power transmission infrastructure. This move is expected to bolster operational capabilities and market positioning in the power transmission sector, positioning the company favorably for future growth and project opportunities.