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HG Infra Share Price Gains Over 2% as the Company Expands Its Solar Portfolio

Written by: Team Angel OneUpdated on: 6 Jun 2025, 8:23 pm IST
HG Infra Engineering Ltd has acquired stakes in four solar power subsidiaries, with its share price rising over 2% to ₹1,072.
HG Infra Share Price Gains Over 2% as the Company Expands Its Solar Portfolio
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HG Infra Engineering Limited has made a strategic move to strengthen its position in the renewable energy sector by acquiring equity stakes in four solar power subsidiaries. This expansion comes at a time when the company is focused on diversifying its business portfolio, with a particular emphasis on setting up solar power plants. As a result of this significant development, HG Infra's share price has seen a gain of over 2% on Friday, June 6, 2025. 

HG Infra Engineering's Strong Growth Through Solar Projects

HG Infra Engineering Limited, a key player in the infrastructure space, has recently announced a significant move in the renewable energy sector by acquiring stakes in four solar power subsidiaries. This expansion will play a crucial role in furthering the company's presence in the solar power industry, with a focus on setting up solar power plants.

Acquisition Details

The company invested a total of ₹7.53 crore in the following subsidiaries through a rights issue:

  • H.G. Dhingsari Solar Project Private Limited – ₹1.89 crore
     
  • H.G. Hingoli Solar Project Private Limited – ₹2.84 crore
     
  • H.G. Bachasar Solar Project Private Limited – ₹1.90 crore
     
  • H.G. Ramsagar Solar Project Private Limited – ₹1.90 crore

The equity shares acquired amount to a combined total of 9.5 lakh shares across the subsidiaries, contributing to the company’s expanding footprint in the solar power sector.

Impact of the Acquisition

The strategic acquisition aims at the development and setup of solar power plants, aligning with HG Infra Engineering’s long-term business strategy to diversify into renewable energy. This move also signifies the company's commitment to leveraging the growing demand for sustainable energy solutions.

Regulatory and Completion Details

The acquisition of the shares in all four entities has been completed as of June 5, 2025. The total investment was made via cash consideration, with no further regulatory approvals required for the transaction.

HG Infra's Share Price Performance 

As of 1:13 PM on June 6, 2025, HG Infra's share price has gained 2%, reaching ₹1,072. 

Conclusion 

To conclude, HG Infra's acquisition in solar power projects marks a step towards expanding its portfolio. The increase in share price reflects, makes it a stock in focus.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Published on: Jun 6, 2025, 2:53 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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