H.G. Infra Engineering Limited — Important, 22-11-2024: Updates

H.G. Infra Engineering Limited has received a letter of award from NTPC Vidyut Vyapar Nigam Limited for a project involving the establishment of 500 MW/1000 MWh standalone battery energy storage systems in India. The project, under tariff-based global competitive bidding, entails a broad consideration of 185 MW/370 MWh, with a tariff rate set at ₹238,000 per MW per month and a completion timeline of 1.5 years. This significant award positions HGINFRA strategically within India's growing renewable energy sector. Investors should view this as a positive development, indicating potential growth in capacity and revenues. The trading window for the company’s securities is currently closed for designated persons and their immediate relatives until November 24, 2024.