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H.G. Infra Engineering Limited has incorporated a wholly owned subsidiary named H.G. Gujarat Bess Private Limited, a Special Purpose Vehicle focused on battery energy storage systems. The subsidiary has an authorized and subscribed share capital of Rs. 15,00,000, divided into 1,50,000 equity shares of Rs. 10 each. This new entity is a related party transaction due to H.G. Infra’s complete ownership. The subsidiary aims to engage in the battery energy sector, expanding H.G. Infra’s business portfolio. As the new subsidiary has not yet commenced operations, there is currently no significant impact on H.G. Infra’s financials. Monitoring the development of this venture could present potential growth opportunities in the evolving energy storage market.