H.G. Infra Engineering bags solar projects from Jodhpur Vidyut Vitran Nigam

H.G. Infra Engineering Limited’s has bagged projects for its solar business as Jodhpur Vidyut Vitran Nigam Limited has provided tender for four solar ventures to a Stockwell Solar Services Private Limited JV’s with HGINFRA. 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.”

Advertisement

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.”

As of March 18 the shares of H.G. Infra Engineering closed at ₹895.25, 0.60% higher than previous close on NSE.

Jodhpur Vidyut Vitran Nigam Limited ‘s provision of four solar ventures to the Stockwell Solar Services Private Limited JV’s with HGINFRA is a crucial milestone that strongly favours the HGINFRA and its consortium partner.