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

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.

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