H.G. Infra Engineering saw its stock jump 5% in morning trade after securing a significant contract from NTPC Vidyut Vyapar Nigam. The company received a Letter of Award (LoA) for setting up 185 MW/370 MWh of standalone battery energy storage systems under a global competitive bidding process.
The project, part of a 500 MW/1000 MWh initiative, includes viability gap funding support. H.G. Infra will execute its share of the capacity at a tariff rate of ₹2,38,000 per MW per month. The completion timeline for the project is set at 1.5 years.
As of 9:21 am, H.G. Infra shares were trading 5.59% higher at Rs 1,351.00 on the NSE.
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