H.G. Infra Engineering Acquires 100% Equity Shares of Angul Sundargarh Transmission Limited for Rs. 100,000/- Lakh

H.G. Infra Engineering Ltd. has executed a Share Purchase Agreement (SPA) with PFC Consulting Limited (PFCCL) on 28th July, 2025, acquiring 100% Equity Shares of Angul Sundargarh Transmission Limited ('ASTL'). The acquisition is a part of HGIEL's strategy for enhancing value for its shareholders through organic and inorganic opportunities. ASTL aims to establish an Inter-State Transmission System for the 'Eastern Region Generation Scheme-I (ERGS-I)'. The cost of acquisition is Rs. 100,000/- Lakh, with ASTL incorporated in India and registered with the Registrar of Companies, New Delhi on 01st March 2024.