H.G. Infra Engineering Limited — Important, 28-01-2025: Updates

H.G. Infra Engineering Limited has acquired 2,610,000 equity shares of its subsidiary, H.G. Planchala Solar Project Private Limited, for an aggregate amount of Rs. 2.61 crore through a rights issue. This acquisition is aimed at expanding the company’s operations in the solar power sector as part of its growth strategy. H.G. Planchala Solar is expected to facilitate the development of solar power plants. The company continues to focus on enhancing its renewable energy portfolio, positioning itself favorably in the growing solar market. With this acquisition completed, H.G. Infra is set for further expansion, potentially boosting future revenue streams and reinforcing its market presence.