H.G. Infra Engineering Limited has been declared the L-1 bidder by the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan, for the upgradation of Industrial Training Institutes (ITIs). The project, part of the National Scheme for ITI Upgradation in the Bhiwadi cluster, carries an estimated cost of ₹241 Crore. This development marks a significant expansion in the company's infrastructure portfolio within the state.

The contract has been awarded under a Public Private Partnership (PPP) mode and is classified as a domestic order. According to the regulatory filing, the company holds a 17.10% share of the estimated project cost. The execution period for this order is set for 10 years, providing a long-term revenue stream for the infrastructure firm.

Project Details

The disclosure was made to the exchanges in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed that there are no interests held by the promoter or promoter group in the entity awarding the order. Furthermore, the transaction does not fall within related party transactions.

hg infra engineering has incorporated a wholly owned subsidiary, H.G. Buildskills Private Limited, on July 10, 2026, to expand its operations into learning, training, and development consultancy. The newly formed entity is yet to commence business operations and has been established with an authorized capital of ₹15,00,000, divided into 1,50,000 equity shares of ₹10 each. The initial subscription to the share capital stands at ₹1,00,000, divided into 10,000 equity shares of ₹10 each, representing a 100% stake in the subsidiary.

The incorporation was disclosed to the stock exchanges pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As a wholly owned subsidiary, H.G. Buildskills Private Limited is classified as a related party transaction. The filing confirms that apart from the shareholding held by HG Infra Engineering Limited, the promoters, promoter group, or group companies do not hold any other interest in the new entity.

Subsidiary Details

The subsidiary, incorporated in India, operates within the learning, training, and development consultancy sector. Since the entity is newly incorporated, there is no immediate financial impact on the parent company, and no specific governmental or regulatory approvals were required for its formation. The consideration for the acquisition of shares was made in cash.

Financial Structure of H.G. Buildskills Private Limited