HEC Infra Projects to form new subsidiary for engineering services
HECPROJECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HEC Infra Projects Limited's Board, at its meeting on 14th July 2026, approved forming a new subsidiary named Shivam Grid Solutions Private Limited in India. The subsidiary will provide electrical, mechanical and engineering support services including technical manpower supply. HEC Infra will subscribe to 51 percent of equity shares via cash, making it a subsidiary. No government approvals are required for incorporation, and further updates will follow once the entity is incorporated.
Minor expansion into engineering support services via a new 51 percent subsidiary. Limited near-term impact on shares; further disclosures expected post incorporation.