HG Infra Share Price: In the ‘morning trade’ on March 19, HG Infrashare reported a 3 percent increase in its share as the company’s joint venture successfully completed four solar business projects worth Rs 1,026 crore.
According to a corporate filing submitted to the BSE, Jodhpur Vidyut Vitran Nigam Limited has awarded a contract for four business projects to the JV consortium comprised of HG Infra Engineering Limited and Stockwell Solar Services Private Limited.
As of 9:58 am the shares were trading 2.46% higher at ₹915.75.
The company reported the following to the exchange in a filing:
“Pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that letters of award have been issued by Jodhpur Vidyut Vitran Nigam Limited to Stockwell Solar Services Private Limited JV Consortium with H.G. Infra Engineering Limited (the “Company” or “HGINFRA”) for four projects of Solar Business. The details of aforesaid projects as required under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123, dated July 13, 2023, are enclosed as Annexure A.”
The company further added, “In accordance with provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company’s Code of Prohibition of Insider Trading, the Trading Window for dealing in the securities of the Company is closed for all designated persons and their immediate relatives till March 20, 2024.”
