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H.G. Infra Engineering Limited (HGIEL) is an Indian Road Infrastructure Company engaged in the business of Engineering, Procurement and Construction (EPC) Services, Maintenance of roads, bridges, flyovers and other infrastructure contract works.
H.G. Infra Engineering incorporated H.G. Buildskills Pvt Ltd, a wholly-owned subsidiary for learning, training, and development consultancy. Initial subscribed capital is Rs. 0.01 Cr. This move expands the company's operational scope; no immediate financial impact is expected as it's yet to commence business.
HGINFRA formed a new Wholly Owned Subsidiary for a ₹1,582.11 Cr Hybrid Annuity Mode (HAM) road project in Odisha. This 40.33 km, six-lane construction is expected to be completed in 910 days. 🚧
H.G. Infra Engineering has incorporated H.G. Clean Energy Solutions Private Limited as a 100% owned subsidiary, capitalized at Rs. 0.15 Cr. This strategic move diversifies the company into solar, green hydrogen, and battery energy storage systems, marking an entry into the clean energy sector.
HGINFRA has executed an agreement to sell its 100% stake in wholly-owned subsidiary H.G. Raipur Visakhapatnam OD-6 Private Limited to Neo Infra Income Opportunities Fund. This divestment follows an earlier announcement.
H.G. Infra invested ₹8.80 Cr across three new solar project subsidiaries to expand into the solar power sector. These acquisitions aim to establish new solar power plants, marking a significant business development.