H.G. Infra Engineering Limited — JV/Acquisition, 23-03-2026: Acquisition

H.G. Infra Engineering has invested Rs 48.52 Cr in its wholly-owned subsidiary, H.G. Banaskantha Bess Private Limited, via a rights issue. This cash investment boosts H.G. Infra's strategic expansion into the promising Battery Energy Storage System (BESS) sector. The move diversifies the company's portfolio beyond traditional infrastructure, aiming to tap into new growth opportunities within the evolving energy landscape. While the subsidiary currently has no turnover, this investment marks a forward-looking step into a potentially high-growth market.