HG Infra Engineering jumps 6% as its arm enters into a battery energy storage agreement with NTPC arm

HG Infra Engineering’s wholly owned subsidiary, H.G. Banaskantha Bess, entered into a battery energy storage purchase agreement with NTPC Vidyut Vyapar Nigam on December 23, 2024, to procure 185 MW/ 370 MWH on a long-term basis.

Earlier this month, HG Infra Engineering received the letter of acceptance (LoA) from Ministry of Road Transport and Highways (MORTH) for the project of improvement and up-gradation in two lane with paved shoulders configuration of newly declared NH227B Bahuvan Madar Majha to Jagarnathpur (Design Km 160.200 to Km 224.040) 84 Kosi Parikrama Marg in the State of Uttar Pradesh on Hybrid Annuity Mode Package VI. The bid project cost is ₹763.11 crore, and the construction period is 2 years.

HG Infra Engineering is an infrastructure construction, development and management company with extensive experience in its focus area of road projects, including highways, bridges and flyovers.

The company’s main business operations include providing engineering, procurement, and construction (EPC) services on a fixed-sum turnkey basis and undertaking civil construction and related infrastructure projects on an item-rate and lump sum basis, primarily in the roads and highway sector.