H.G. Infra Engineering Limited — Important, 04-01-2025: Updates

H.G. Infra Engineering Limited has received a Letter of Intent from Gujarat Urja Vikas Nigam Limited for a project involving the establishment of 250 MW/500 MWh of Standalone Battery Energy Storage Systems in Gujarat. This initiative is part of a larger 500 MW/1000 MWh project under Tariff-Based Global Competitive Bidding (Phase-IV) with Viability Gap Funding Support. The anticipated completion period for this segment of the project is 18 months. This development is a significant step for HGINFRA, potentially enhancing its portfolio in the renewable energy sector, and signifies a positive outlook for future revenue streams from this project.