HG Infra incorporates subsidiary to operate in Battery Energy Storage System Sector

HG Infra has established a wholly-owned subsidiary, named “H.G. Gujarat Bess Private Limited,” to operate in the Battery Energy Storage System sector. This Special Purpose Vehicle (SPV) has an authorized capital of ?15,00,000, divided into 1,50,000 equity shares at Rs 10 each.

As a leading infrastructure and construction company known for its expertise in highway development and civil engineering projects, HG Infra is making strategic moves into the green energy sector.

The formation of this new subsidiary focused on battery energy storage systems, marks an ambitious expansion into sustainable energy solutions.

The share price of H.G. Infra Engineering Limited went up 3.8% to Rs. 1,295.75 per share on Thursday, an increase from its previous close of Rs. 1,247.95 per share. The market capitalization now stands at approximately Rs. 8,340.6 crore as of February 06, 2025.

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