Deals23 Oct 2024, 08:19 pm
H.G. Infra Engineering Ltd Qualified as Bidder by NTPC Vidyut Vyapar Nigam Limited for 185 MW/370 MWh Battery Energy Storage Systems Project
AI Summary
H.G. Infra Engineering Limited has been declared as a qualified bidder by NTPC Vidyut Vyapar Nigam Limited for the tariff-based setting up of 500 MW/1000 MWh standalone battery energy storage systems in India with viability gap funding support. The company has been selected for 185 MW/370 MWh out of the project. The trading window for dealing in the securities of the company is closed for all designated persons and their immediate relatives till 48 hours after the declaration of unaudited financial results of the company for the quarter ended September 30, 2024.
Key Highlights
- H.G. Infra Engineering Limited qualified as a bidder by NTPC Vidyut Vyapar Nigam Limited for 185 MW/370 MWh out of the 500 MW/1000 MWh standalone battery energy storage systems project.
- The project has viability gap funding support as per the terms and conditions of the Request for Selection (RfS).
- The trading window for dealing in the securities of the company is closed for all designated persons and their immediate relatives till 48 hours after the declaration of unaudited financial results of the company for the quarter ended September 30, 2024.