HG Infra Engineering Secures LOI from GUVNL for Battery Storage Project in Gujarat

H.G. Infra Engineering Limited (HGINFRA), a leading infrastructure development company engaged in engineering, procurement, and construction (EPC) projects across India, has officially received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd (GUVNL) for a significant portion of a battery storage project. 

Project Scope and Timeline

Known for its expertise in road, highway, and now energy-related infrastructure, HGINFRA will undertake the development of 300 MW/600 MWh capacity, forming part of a larger 500 MW/1000 MWh standalone Battery Energy Storage Systems (BESS) initiative in Gujarat.

The undertaking involves the installation of advanced battery energy storage infrastructure, with HGINFRA responsible for completing 300 MW/600 MWh of the total capacity. The full execution period for this project is 24 months. This project has been allotted under the 6th phase of the Tariff-Based Competitive Bidding process

Recent Developments of HG Infra

HG Infra recently received provisional completion certificates for 2 highway projects in Telangana through its subsidiaries, H.G. Khammam-Devarapalli PKG-1 and PKG-2, worth ₹1,409.22 crore. The certificates confirm both projects are ready for commercial operations as of 28 March 2025. The projects, awarded by NHAI under the Bharatmala Pariyojana, span a total of 63 km and were executed under the Hybrid Annuity Model, ahead of their revised deadlines.

Read More: HG Infra Engineering’s Arm Secured a Project Worth ₹1,123 Crore From the NHAI!

HG Infra Engineering Share Price Performance 

As of May 29, 2025, at 9:35 AM, HG Infra Engineering share price is trading at ₹1,120.80 per share, reflecting a surge of 0.99% from the previous day's closing price. Over the past month, the stock has surged by 2.99%. The stock's 52-week high stands at ₹1,879.90 per share, while its low is ₹928.55 per share.

Conclusion 

The receipt of this Letter of Intent marks a significant step forward for HGINFRA as it diversifies into clean energy infrastructure. Successfully executing this project will not only strengthen the company’s presence in the energy sector but also contribute to Gujarat’s sustainable power goals.

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