H.G. Infra Engineering Limited — Important, 17-01-2025: Updates

H.G. Infra Engineering Limited has acquired equity shares in two of its subsidiaries through a rights issue. The company invested ₹2.45 crore in H.G. Matora Solar Project Private Limited and ₹1.50 crore in H.G. Gopasariya Solar Project Private Limited. Both subsidiaries, incorporated in June 2024, are focused on solar power and have yet to commence business operations. This strategic investment aims to expand H.G. Infra's business in the renewable energy sector, aligning with its long-term growth objectives. The acquisitions complete as of today signify H.G. Infra's commitment to enhancing its operational capacity in solar energy, presenting potential growth opportunities for investors.