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Latest news about HG Infra Engineering

H.G. Infra Engineering Acquires Angul Sundargarh Transmission Limited for ₹1 Lakh 3 days ago

HG Infra Engineering Limited (HGIEL) has acquired 100% equity shares of Angul Sundargarh Transmission Limited (ASTL) for ₹1.00 lakh. The acquisition involves 10,000 equity shares at ₹10.00 each. ASTL, incorporated on March 1, 2024, will establish the Inter-State Transmission System for the 'Eastern Region Generation Scheme-I'. This strategic move aligns with HGIEL's expansion plans in the electric utilities sector and diversifies its infrastructure portfolio.

HG Infra Engineering Approves 4 Billion Rupee Fundraise via Non-Convertible Debentures Jul 14, 2025

H.G. Infra Engineering to Discuss NCD Fundraising in Upcoming Board Meeting Jul 08, 2025

HG Infra Engineering Secures ₹1.18 Billion Contract, Boosting Project Pipeline Jun 23, 2025

H.G. Infra Engineering Secures Odisha Power Project and Boosts Subsidiary Stakes Jun 23, 2025

More news about HG Infra Engineering

20Jun 25

H.G. Infra Bolsters Stake in Eight Subsidiaries with ₹213 Million Rights Issue

HG Infra Engineering has acquired additional shares in eight of its subsidiaries through a rights issue, totaling ₹213.00 million (₹21.30 crore). This strategic move aims to strengthen the company's control within its group structure, potentially leading to improved operational synergies and more efficient decision-making processes.

20Jun 25

H.G. Infra Engineering Secures Letter of Intent for Odisha Power Transmission Project

HG Infra Engineering Ltd. has received a Letter of Intent (LOI) from PFC Consulting for a power transmission project in Odisha. The LOI signifies an initial commitment between the project owner and the contractor, marking HG Infra's entry into the power transmission sector. Specific details about the project's scope, financial value, and timeline are yet to be disclosed. This development aligns with the company's infrastructure development expertise and suggests a potential expansion into power transmission infrastructure.

11Jun 25

HG Infra Engineering Secures Lowest Bid for ERGS-I Project in Odisha

HG Infra Engineering Ltd. has been declared the lowest bidder for the ERGS-I infrastructure project in Odisha. This development positions the company favorably to potentially secure the contract, which could expand its project portfolio and strengthen its presence in the eastern region of India. The achievement highlights HG Infra's competitive pricing strategy and operational efficiency, potentially leading to an increased order book and enhanced market position in the infrastructure sector.

29May 25

H.G. Infra Engineering Secures Major Battery Storage Project in Gujarat

H.G. Infra Engineering has been awarded a Letter of Intent for a 300 MW / 600 MWh Battery Energy Storage Systems (BESS) project in Gujarat. This project is part of Gujarat Urja Vikas Nigam Limited's initiative to establish 500 MW / 1000 MWh of BESS capacity in the state. The award marks H.G. Infra's entry into the renewable energy sector, diversifying its portfolio and positioning it as a key player in India's evolving energy landscape. The project aligns with national renewable energy goals and is expected to enhance grid stability and improve integration of renewable energy sources in Gujarat.

28May 25

H.G. Infra Engineering Secures 300 MW Battery Storage Project in Gujarat

H.G. Infra Engineering has received a Letter of Intent from Gujarat Urja Vikas Nigam for a 300 MW/600 MWH Standalone Battery Energy Storage Systems project in Gujarat. The project, part of a larger 500 MW/1000 MWH initiative, was secured through a Tariff-Based Competitive Bidding process. This development marks H.G. Infra's expansion into the energy storage sector, contributing to Gujarat's efforts in managing peak load demands and integrating renewable energy sources.

21May 25

HG Infra Engineering Ltd: Q4 Profit Drops 22.6%, Announces ₹2 Dividend

HG Infra Engineering's Q4 results show a 22.6% year-on-year decline in net profit to ₹147.00 crore. Revenue fell 20.3% to ₹1,360.90 crore, while EBITDA dropped 28% to ₹239.50 crore. Despite financial challenges, the company has recommended a final dividend of ₹2.00 per share.

05May 25

HG Infra Engineering Expands Green Energy Portfolio Through Strategic Partnership

HG Infra Engineering Ltd (HGIEL) has transferred 26% stakes in two solar project subsidiaries to Stockwell Solar Services Private Limited. The subsidiaries, H.G. Dhingsari Solar Project Private Limited and H.G. Khariya Solar Project Private Limited, were incorporated in FY 2024-25. The transaction involves 2,600 equity shares per company at ₹10 per share, totaling ₹26,000 per company. The stake transfer is based on a Letter of Award dated March 18, 2024, with completion expected by May 9, 2025. Both subsidiaries will remain under HGIEL's control with a majority stake retained.

29Apr 25

H.G. Infra Engineering Secures Provisional Certificate for ₹1,123.11 Crore Highway Project in Odisha

H.G. Infra Engineering Limited has received a provisional certificate for its ₹1,123.11 crore Odisha highway project. The project, part of the Raipur-Visakhapatnam Economic Corridor, involves developing a six-lane highway section from Baunsaguar to Baraja. Executed by the company's wholly-owned subsidiary, H.G. Raipur Visakhapatnam OD-6 Private Limited, the project was completed ahead of the revised schedule. The provisional certificate, issued on April 25, 2025, indicates the project is fit for commercial operation.

28Apr 25

HG Infra Engineering's Subsidiary Secures Rs 1,123.10 Crore NHAI Contract for Odisha Highway Project

HG Infra Engineering's subsidiary has been awarded a ₹1,123.10 crore contract by NHAI for developing a six-lane section of the Raipur-Visakhapatnam Economic Corridor in Odisha. The project, to be completed in 730 days, covers the Baunsaguar-Baraja Section of NH-130-CD Road. Additionally, the company received a provisional completion certificate for a previously awarded project in the same corridor, completed ahead of the revised schedule.

28Apr 25

H.G. Infra Engineering Secures Provisional Certificate for ₹1,123 Crore Highway Project in Odisha

H.G. Infra Engineering's subsidiary has received a provisional certificate for a ₹1,123.11 crore highway project in Odisha. The project, part of the Raipur-Visakhapatnam Economic Corridor, involves developing a six-lane highway from Baunsaguar to Baraja. Awarded by NHAI under the Hybrid Annuity Mode, the project was provisionally completed on January 8, 2025, ahead of the original May 31, 2024 schedule. The Independent Engineer issued the certificate on April 25, 2025, declaring the highway fit for commercial operation.

21Apr 25

HG Infra Engineering Qualifies for 300 MW Battery Storage Project in Gujarat

HG Infra Engineering Limited (HGINFRA) has been declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 300 MW/600 MWh portion of a 500 MW/1000 MWh Standalone Battery Energy Storage Systems project in Gujarat. The project, part of a Tariff-Based Global Competitive Bidding (Phase-VI), has an execution timeframe of 24 months. This qualification demonstrates HG Infra's growing capabilities in the renewable energy sector and positions the company for potential growth in the energy infrastructure market.

20Feb 25

HG Infra Engineering Completes ₹133.03 Crore Stake Sale in Rewari Bypass Project

HG Infra Engineering Ltd (HGIEL) has sold its 100% stake in Rewari Bypass Private Limited to Highways Infrastructure Trust for ₹133.03 crore. The transaction, completed on February 20, 2025, involved 14,38,065 shares. The sale will have minimal impact on HGIEL's financials, with Rewari Bypass contributing only 0.12% to FY2024 revenue and 4.56% to net worth. This divestment aligns with HGIEL's portfolio optimization strategy and was approved by shareholders in August 2024.

18Feb 25

HG Infra Engineering Expands Solar Power Portfolio with Strategic Subsidiary Investments

HG Infra Engineering Limited (HGIEL) has invested ₹13.32 crore in acquiring equity shares of six solar project subsidiaries. The company purchased shares in H.G. Jakhan and H.G. Amala Solar Project Private Limited on February 18, 2025, following investments in four other solar subsidiaries on February 17. All six subsidiaries, incorporated in June 2024 and based in Rajasthan, represent HGIEL's strategic expansion into the solar power sector. This move signifies a diversification of HGIEL's portfolio beyond traditional infrastructure development, aligning with India's renewable energy push.