H.G. Infra acquires 100% stake in WR ER Part C Power Transmission SPV
HGINFRA · price
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H.G. Infra Engineering has acquired 100% equity shares of WR ER Part C Power Transmission Limited, an SPV from REC Power Development and Consultancy. Target was incorporated November 6, 2025 with nil turnover. Cash consideration is 50,000 shares at Rs. 10 each, totaling Rs. 5 lakh. The SPV will execute the WR-ER Inter-Regional Network Expansion Scheme Part C power transmission project, expanding the company's presence in the power transmission sector.
Expands H.G. Infra's footprint in power transmission sector. Small cash outlay but aligns with infrastructure strategy. Positive strategic move.