HG Infra secures contract from NTPC Vidyut Vyapar Nigam for battery storage systems

HG Infra Engineering Ltd has received a Letter of Award (LoA) from NTPC Vidyut Vyapar Nigam Ltd under the tariff-based global competitive bidding process.

The project involves the procurement and installation of 500 MW/1000 MWh standalone battery energy storage systems across India, supported by viability gap funding. HG Infra will handle 185 MW/370 MWh of the total capacity at a tariff rate of Rs 2,38,000 per MW per month.

The project is valued at approximately Rs 1,110 crore and has a completion timeline of 1.5 years.

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Earlier in August this year, HG Infra Engineering emerged as the lowest bidder (L1) for a road upgrade project in Gujarat. The project involves upgrading the existing six-lane road, including an elevated corridor, spanning from Narol junction to Sarkhej junction along National Highway 47.

The estimated project cost as per the Road Transport Ministry (MoRTH) is Rs 883.24 crore, with HG Infra's bid coming in at Rs 781.11 crore. The project will be executed under the hybrid annuity mode (HAM), covering a length of 10.63 km. The construction period is expected to be 2.5 years.

Shares of HG Infra Engineering Ltd ended at Rs 1,276.15, down by Rs 3.60, or 0.28%, on the BSE.

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