Latest news with #HGINFRA
Business Upturn
29-04-2025
- Business
- Business Upturn
H.G. Infra Engineering receives provisional completion certificate for Rs 1,492 crore Odisha highway project
By Aditya Bhagchandani Published on April 29, 2025, 13:08 IST H.G. Infra Engineering Ltd. (HGINFRA) on Tuesday announced that its wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-5 Private Limited, has received the provisional completion certificate for a major highway infrastructure project in Odisha. The certificate, issued on April 25, 2025, by the Independent Engineer, was received by the company on April 28. The project has been declared fit for commercial operations from January 4, 2025. The project involved the development of a six-lane Kaliagura-Baunsaguar section of NH-130-CD from km 249+000 to km 293+000, under the Raipur-Visakhapatnam Economic Corridor. It was awarded by the National Highways Authority of India (NHAI) under the Hybrid Annuity Mode (HAM), with a contract value of ₹1,492.11 crore. Initially scheduled to be completed by May 29, 2024, the revised completion date was set for January 4, 2025, due to project-specific delays. The entire contract was to be executed over a period of 730 days. This project is a significant part of H.G. Infra's domestic order book and adds to its robust portfolio in national highway development. The company confirmed that there is no related party interest involved in this contract. Disclaimer: The information provided is for informational purposes only and should not be considered as investment advice. Always consult with a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
22-04-2025
- Business
- Business Upturn
HG Infra shares surge 3% after securing 300 MW battery storage project
By Aman Shukla Published on April 22, 2025, 09:22 IST H.G. Infra Engineering Ltd (HGINFRA) shares rose 3% in early trading today after the company was declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd (GUVNL) for a significant Battery Energy Storage System (BESS) project. As of 9:21 AM, the shares were trading 3.21% higher at Rs 1,175.30. As part of GUVNL's Phase-VI Tariff-Based Global Competitive Bidding initiative, HGINFRA will develop 300 MW/600 MWh of standalone BESS capacity. This is a substantial portion of GUVNL's larger 500 MW/1000 MWh storage tender aimed at bolstering Gujarat's renewable energy infrastructure. This contract award marks HGINFRA's continued expansion into the renewable and energy storage sector, reinforcing its commitment to clean energy solutions. The project is fully domestic and aligns with India's national agenda to increase energy storage capacity, ensuring grid stability and efficient energy management. Set for completion within 24 months, the project is expected to significantly improve Gujarat's power grid reliability, supporting the integration of intermittent renewable sources like solar and wind energy. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
21-04-2025
- Business
- Business Upturn
H.G. Infra Engineering wins 300 MW battery storage project from Gujarat Urja Vikas Nigam
H.G. Infra Engineering Limited (HGINFRA) recently informed exchanges that the company has been declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd (GUVNL) for a major battery energy storage project. As part of GUVNL's ambitious plan to enhance energy infrastructure in Gujarat, HGINFRA will be involved in setting up 300 MW/600 MWh of Standalone Battery Energy Storage Systems (BESS) out of the larger 500 MW/1000 MWh capacity tender. This project is being executed under Phase-VI of the Tariff-Based Global Competitive Bidding process. This contract award highlights HGINFRA's growing presence and expertise in renewable energy and energy storage solutions. The project, which is entirely domestic in nature, aims to strengthen Gujarat's power grid by integrating sustainable energy storage solutions that will support better energy management and grid stability. Advertisement Under the terms of the agreement, the execution timeline for the 300 MW/600 MWh battery storage system is set at 24 months. This development marks a step forward in India's efforts to enhance energy storage capacity, with GUVNL leading the way in facilitating large-scale storage solutions within the domestic market.
