H.G. Infra Engineering Limited (HGIEL) has announced a significant strategic move by acquiring 6,40,200 equity shares in its wholly-owned subsidiary, H.G. Banaskantha Bess Private Limited, through a rights issue. This investment, totaling Rs. 48.52 Crores at an issue price of Rs. 758 per share, underscores the company’s commitment to strengthening its presence in the renewable energy sector. The subsidiary is specifically focused on the field of Battery Energy Storage Systems (BESS), a critical component for India’s transition to green energy.

The acquisition was executed as a cash consideration, with the equity shares having a face value of Rs. 10 each. H.G. Banaskantha Bess Private Limited was recently incorporated on December 03, 2024, in Rajasthan, and is currently in its nascent stages with nil turnover reported for the period ending March 31, 2025. This move aligns with HGIEL’s broader strategy to diversify its portfolio beyond traditional road and highway construction into high-growth segments like sustainable power infrastructure.

H.G. Infra Engineering Limited is a leading Indian infrastructure developer specializing in EPC (Engineering, Procurement, and Construction) services for roads, highways, railways, and metro projects. In 2025, the company has seen robust project momentum, including the receipt of an order worth Rs. 401.33 Crores from Anuppur Thermal Energy for railway infrastructure works. Additionally, the company has been active in divesting non-core assets, recently completing the sale of its 100% stake in H.G. Khammam Devarapalle PKG-2 Private Limited to Neo Infra Income Opportunities Fund for Rs. 213.85 Crores in March 2026.

For the quarter ended December 31, 2025 (Q3 FY26), H.G. Infra reported a consolidated total income of Rs. 1,424.84 Crores, reflecting a 55.2% increase from the previous quarter (Q2FY26) and a 12.4% growth compared to the same period last year. The Profit After Tax (PAT) for the quarter stood at Rs. 94.08 Crores, showing a significant quarter-on-quarter (QoQ) recovery of 81.5% from Rs. 51.84 Crores, though it experienced an 18.3% decline on a year-on-year (YoY) basis from Rs. 115.11 Crores. Notable institutional investors in the company include Nippon Life India Asset Management, which holds approximately 3.40%, and Aditya Birla Sun Life AMC, holding 1.85% as of December 2025.