HG Infra acquires full stake in WR ER Part C Power Transmission SPV

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Price reaction · full curve 14 horizons · vs prior close

-0.9%1-day move

₹570.10

prior close

₹570.65

base price

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AI summary

HG Infra Engineering has executed a Share Purchase Agreement to acquire full equity in WR ER Part C Power Transmission Limited, an SPV set up for the WR-ER Inter-Regional Network Expansion Scheme Part C power transmission project. The company bought 50,000 shares at Rs. 10 each, totalling Rs. 5 lakh in cash. The SPV will build an inter-state power transmission system network, aligning with HG Infra infrastructure business and expanding its presence in the power transmission sector.

Likely market impact

Marks HG Infra entry into power transmission EPC via SPV buyout; future revenue depends on execution of the underlying transmission project awarded to it.