Inin Group Bags NOK125 Million Reconstruction Contract for Power Line in Norway

05:34 AM EDT, 08/11/2026 (MT Newswires) -- Inin Group (ININ.OL) said Tuesday that a business of its Inin Power subsidiary secured a contract worth 125 million Norwegian kroner to reconstruct a power line at the Gulliåsen transformer station in Norway. Norwegian distribution system operator Lede is commissioning the project, with Inin Power's Laje unit to serve as main contractor. The contract is expected to be finalized after the expiration on Aug. 17 of a waiting period. Work will involve the reconstruction and installation of the 132-kilovolt overhead power line at the station, as well as testing, inspection, and quality assurance. Completion is scheduled for November 2030. Laje is also a part of the Qben Power arm of Swedish infrastructure services group Qben Infra (QBEN.ST).