Megha Engineering Acquires KPSI Transmission Project From RECPDCL
Premium- This marks the 52nd transmission project handover by RECPDCL, with a total value of around ₹70,974 crores
New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of state-owned REC Limited, has transferred the KPS1 Transmission Ltd project-specific Special Purpose Vehicle (SPV) to Megha Engineering & Infrastructures.
This marks the 52nd transmission project handover by RECPDCL, with a total value of around ₹70,974 crores, according to a Ministry of Power statement.
The handover was executed by RECPDCL CEO Rahul Dwivedi to Megha Engineering & Infrastructures Vice President Pravin Sharad Dixit. Megha Engineering & Infrastructures emerged as the successful bidder for the Ministry of Power's Inter-State Transmission Project, with RECPDCL acting as the bid process coordinator.
Megha Engineering & Infrastructures Ltd has been the successful bidder of the Inter-State Transmission Project of Ministry of Power, and RECPDCL was the bid process coordinator, a statement said.
The company's selection followed a tariff-based competitive bidding (TBCB) process in accordance with the Ministry of Power's standard bidding documents and guidelines. The project entails the implementation of the KPS1-Khavda PS GIS (KPS2) 765 kV double circuit line and the augmentation of Khavda PS1, with a 21-month target completion timeframe.
Catch all the
Corporate newsand Updates on Live Mint. Download The
Mint News Appto get Daily
Market UpdatesBusiness News.
Next Story
No Network
Server Issue
Internet Not Available
The Self-Destructive Nature Of Anti-Tourism Protests: Balancing Resident Concerns With Tourism Benefits
In recent years, anti-tourism protests have become increasingly common across popular tourist destinations. From the Bal... Read more
Military And Strategic Implications Of The Ukrainian Drone Attack In Kursk
On a recent morning, the Kursk region in south-western Russia witnessed an unexpected and significant event: a Ukrainian... Read more
Chinese Tech Stocks Gain Ground Despite Wall Street Technology Sell-Off
Chinese tech shares in Hong Kong gained on Friday, defying a technology stock sell-off on Wall Street, driven by strong ... Read more
Defense Pact Between Britain And Germany: A Focus On Cybersecurity And Joint Operations
In a move set to redefine European defense collaboration, Britain and Germany have signed a comprehensive defense pact a... Read more
US Secret Service Director Steps Down After Trump Assassination Attempt
Security lapses admitted by Kimberly Cheatle prompt resignation.Kimberly Cheatle, the head of the US Secret Service, has... Read more
Kamala Harris Promises A Brighter Future In Official Campaign Launch
In a vibrant and impassioned campaign launch, Vice President Kamala Harris vowed to lead America toward a "brighter futu... Read more