HG Infra Engineering Limited (HGIEL) has made a strategic move to expand its presence in the solar power sector by investing a total of Rs. 8.80 crore in three of its solar power subsidiaries. The company announced the acquisition of additional equity shares through rights issues in these subsidiaries, marking a significant step towards diversifying its business operations.

Investment Details

The investments were made in the following subsidiaries:

Transaction Specifics

• Mode of Acquisition: Cash consideration
• Nature of Transaction: Related party transactions (as all entities are subsidiaries of HGIEL)

Subsidiary Profiles

All three subsidiaries are yet to commence business operations:

1. H.G. Bikaner Solar Project Private Limited

   • CIN: U35100RJ2024PTC094777
   • Authorized Capital: Rs. 3.05 crore
   • Shares Acquired: 30,10,000 Equity Shares

2. H.G. Muknasar Solar Project Private Limited

   • CIN: U35100RJ2024PTC095527
   • Authorized Capital: Rs. 3.05 crore
   • Shares Acquired: 30,10,000 Equity Shares

3. H.G. Paleena Solar Project Private Limited

   • CIN: U35100RJ2024PTC095727
   • Authorized Capital: Rs. 2.90 crore
   • Shares Acquired: 27,80,000 Equity Shares

Strategic Implications

This investment aligns with HG Infra Engineering's strategy to expand its business into the solar power sector. The company stated that these investments are intended for the "expansion of business and set up of Solar Power Plants." This move indicates HGIEL's commitment to diversifying its portfolio and tapping into the growing renewable energy market.

Regulatory Compliance

The company has duly informed the BSE Limited and the National Stock Exchange of India Limited about these transactions, in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed disclosure, including the specifics of each subsidiary and the nature of the transactions, was provided to ensure transparency and regulatory adherence.

As HG Infra Engineering Limited ventures into the solar power sector through these strategic investments, it will be interesting to observe how this diversification impacts the company's overall growth and market position in the future.

HG Infra Engineering Limited (HGIEL) has announced a significant milestone in its infrastructure development efforts. The company's wholly-owned subsidiary, H.G. Narol Sarkhej Highway Private Limited, has successfully achieved financial close for a major highway project in Gujarat, as confirmed by the National Highway, R&B Department, Ahmedabad.

Project Details

The project involves the upgrading of a 10.63 km stretch of National Highway 47 (NH 47) from Narol Junction to Sarkhej Junction in Gujarat. Key aspects of the project include:

• Construction of a 6-lane road with an elevated corridor
• Implementation on Hybrid Annuity Mode (HAM)
• Total project cost: INR 781.11 crore
• Construction period: 30 months

Financial Close

The company received official confirmation of the financial close on April 18, 2025, through a letter dated August 19, 2025, from the National Highway, R&B Department, Ahmedabad.

Project Scope

The scope of work encompasses the up-gradation of the existing 6-lane road, including the construction of an elevated corridor as per site requirements. The project spans from km 0/00 to km 10/170 of NH 47, covering the stretch between Narol Junction and Sarkhej Junction in the state of Gujarat.

Company Disclosure

HG Infra Engineering Limited made this announcement in compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to both the BSE Limited and the National Stock Exchange of India Limited, where the company's shares are listed.