A consortium that includes Bharat Heavy Electricals (NSE:BHEL, BOM:500103) and Hitachi Energy India (BOM:543187) has received a letter of intent for a renewable energy transmission project from Rajasthan Part I Power Transmission, according to a Sunday filing to the Indian stock exchanges.
Rajasthan Part I Power Transmission is a special purpose vehicle under Adani Energy Solutions.
The project involves the design and execution of a high voltage direct current (HVDC) link, along with associated AC substations. This infrastructure will transmit renewable energy from Bhadla III in Rajasthan, India and Fatehpur in Uttar Pradesh.
The contract is scheduled to be completed by 2030.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.