Introduction:
Infra company has secured a significant deal with NTPC Vidyut Vyapar Nigam Limited, entering into a Battery Energy Storage Purchase Agreement. The agreement involves procurement of 185 MW/370 MWH of energy storage capacity, boosting the company’s renewable energy initiatives.
Also Read: Stocks To Consider For Christmas
Share price movement of H.G. Infra:
On December 24, 2024, H.G. Infra opened at ₹1,479.95, up 1.35% from its previous close of ₹1,460.20. The stock reached a high of ₹1,542.05 (5.59%) and a low of ₹1,478.70. By 12:33 PM, it traded at ₹1,488.05, a 1.91% increase, with a market cap of ₹9,697.79 crore.
H.G. Infra Secures Major Battery Energy Storage Deal:
H.G. Infra Engineering Limited, through its wholly owned subsidiary, H.G. Banaskantha Bess Private Limited, has entered into a significant Battery Energy Storage Purchase Agreement with NTPC Vidyut Vyapar Nigam Limited on December 23, 2024.
The agreement involves the procurement of 185 MW/370 MWH of battery energy storage capacity on a long-term basis. This deal is expected to enhance the company’s position in the energy storage sector and support renewable energy initiatives in India.
Recent news on H.G. Infra:
As of December 10, 2024, H.G. Infra Engineering Ltd. received a letter of acceptance from MoRTH for upgrading the NH-227B stretch in Uttar Pradesh. The ₹763.11 crore project is expected to be completed within two years.
Stock performance of H.G. Infra for Period of 1 week, 6 months and 1 year:
H.G. Infra Engineering Limited has experienced a 3.50% decline over the past week and a 16.9% decrease in the last six months. However, it has posted a strong 78.1% return over the past year, reflecting substantial long-term growth potential.
Also Read: Stocks to Consider for This New Year 2025
Shareholding pattern of H.G. Infra:
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:
H.G. Infra Engineering Limited (NSE: HGINFRA) is a leading EPC contractor specializing in roads, bridges, and flyovers. Established in 2003, the company has a strong reputation for delivering quality infrastructure projects, especially in the roads and highways sector.
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.