Introduction:
Leading infrastructure firm has qualified for a major battery energy storage project in Gujarat, involving 250 MW/500 MWh capacity. The initiative supports sustainable energy, ensuring compliance and independent execution within an 18-month timeline.
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Share price movement of H.G. Infra Engineering:
On December 2, 2024, H.G. Infra Engineering Ltd opened at ₹1,348.00, up 1.29% from the previous close of ₹1,330.75. The stock reached a high of ₹1,379.65 (3.67%) and a low of ₹1,340.05. By 9:32 AM, it traded at ₹1,351.45, a 1.56% increase, with a market capitalization of ₹8,807.55 crore.
HG INFRA wins Gujarat contract:
H.G. Infra Engineering Limited (HGINFRA) has been declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd (GUVNL) for 250 MW/500 MWh of the standalone battery energy storage project under Tariff-Based Global Competitive Bidding (Phase-IV).
The project involves setting up 500 MW/1000 MWh standalone battery energy storage systems in Gujarat, supported by Viability Gap Funding. The contract, awarded by a domestic entity, has a completion timeline of 18 months, showcasing HGINFRA’s operational capabilities.
This contract emphasizes HGINFRA’s role in advancing sustainable energy infrastructure. The project size, 250 MW/500 MWh, highlights significant industry involvement. The promoters and group companies have no direct interest, ensuring independent execution and compliance.
Recent news on H.G. Infra Engineering:
As of November 25, 2024, H.G. Infra Engineering’s shares surged 6.5% to ₹1,363 after securing a ₹1,110 crore contract for 185 MW/370 MWh battery storage systems, slated for completion within 1.5 years.
Stock performance of H.G. Infra Engineering for Period of 1 week, 6 months and 1 year:
H.G. Infra Engineering showcased mixed performance, with a 1-week return of -0.45% and a 6-month decline of -6.7%. However, the company delivered robust growth with a 1-year return of 54.4%, reflecting long-term strength.
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Shareholding pattern of H.G. Infra Engineering:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 71.80% | 74.50% | 74.50% |
| FII | 2.60% | 2.00% | 1.70% |
| DII | 12.70% | 12.10% | 12.50% |
| Public | 12.90% | 11.30% | 11.30% |
About H.G. Infra Engineering:
H.G. Infra Engineering Limited (NSE: HGINFRA) is a leading Indian road infrastructure company specializing in Engineering, Procurement, and Construction (EPC) services, including roads, bridges, flyovers, and infrastructure maintenance contracts.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
