H.G. Infra Engineering Ltd Strengthens Renewable Energy Portfolio with Strategic Acquisition of Shares in Two Subsidiaries through Rights Issue

H.G. Infra Engineering Ltd (HGIEL) has recently enhanced its renewable energy footprint through strategic investments in its subsidiaries. On December 23, 2024, HGIEL acquired 2.84 million equity shares in H.G. Jetpur Solar Project for ₹2.84 crore via a rights issue, supporting the subsidiary's solar power initiatives.

Additionally, on September 13, 2024, HG Green Energy, a subsidiary of HGIEL, secured a 49% stake in 11 UVSE Project group companies, each valued at ₹49,000, to further its solar energy ventures.

These strategic moves underscore HGIEL's commitment to expanding its presence in the renewable energy sector.

Source: Business Standard