H.G. Infra Engineering Limited has informed the Exchange about Acquisition
HGINFRA · price
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H.G. Infra Engineering Limited has invested Rs. 48.52 crore in its wholly owned subsidiary H.G. Banaskantha Bess Private Limited by subscribing to a rights issue of 6,40,200 equity shares at Rs. 758 per share. The subsidiary was incorporated in December 2024 and is in the battery energy storage system (BESS) business, with no turnover recorded so far. This is a related party transaction as the subsidiary is fully owned by the company. The investment is part of the company's business expansion and was completed on March 23, 2026, paid in cash.
This signals H.G. Infra's entry or expansion into the battery energy storage business, a new vertical beyond its core infrastructure EPC operations. While the near-term financial impact is limited since the subsidiary is newly formed and revenue-less, the sizeable Rs. 48.52 crore investment indicates a strategic push into the growing energy storage segment. Shareholders should view this as a long-term diversification move rather than an immediate earnings driver.