H.G. Infra Engineering Invests ₹33.8 Cr in Subsidiary

H.G. Infra Engineering Ltd has acquired equity shares in its wholly owned subsidiary, H.G. Gujarat Bess Private Limited, through a rights issue. The investment amounts to ₹33.80 crore. H.G. Gujarat Bess Private Limited is involved in the battery energy storage system industry and was incorporated on February 5, 2025. This investment is for business expansion. The acquisition is a related party transaction as the subsidiary is wholly owned. The transaction was completed on August 6, 2026, with cash consideration.