HG Infra Engineering Ltd enters into EPC contracts for solar power plants

H.G. Infra Engineering Limited (the "Company") has entered into the EPC contracts dated March 30, 2024 with Norangdesar Solar Developer Private Limited and Rasisar Solar Developer Private Limited for the Solar Power Plants.

The contract with Norangdesar Solar Developer Private Limited is for Engineering, Procurement and Construction (EPC) contract for design, survey, supply, installation, testing, commissioning of two solar power plants under the project 'Design, survey, supply, installation, testing, commissioning, operation & maintenance for 25 years (unless extended by both the parties on mutual agreement) from Commercial Operation Date (COD) of grid connected solar power plant(s) through RESCO mode, its associated 33KV line/ 11 KV line (as applicable) to connect the various plant(s) with corresponding 33/11 KV GSS and Remote Monitoring System (RMS) of solar power plant(s) at specific locations made available by NHLML/ NHAI along the Amritsar-Bhatinda-Jamnagar corridor, for solarisation of agriculture consumers connected on 11 KV feeders of the GSS, under KUSUM Scheme - Component C (Feeder Level Solarisation) in JDVVNL against TN-DSM-02. Total Solar Plants' Capacity - 6.52 MW (AC). The estimated construction / development cost is INR 36 Crore (Including GST). H.G. Solar Projects Private Limited, a wholly owned subsidiary of H.G. Infra Engineering Limited (the "Company"), has incorporated Norangdesar Solar Developer Private Limited with an equity shareholding of 49% to undertake the solar power plant projects.

The contract with Rasisar Solar Developer Private Limited is for Engineering, Procurement and Construction (EPC) contract for design, survey, supply, installation, testing, commissioning of two solar power plants under the project 'Design, survey, supply, installation, testing, commissioning, operation & maintenance for 25 years (unless extended by both the parties on mutual agreement) from Commercial Operation Date (COD) of grid connected solar power plant(s) through RESCO mode, its associated 33KV line / 11 KV line (as applicable) to connect the various plant(s) with corresponding 33/11 KV GSS and Remote Monitoring System (RMS) of solar power plant(s) at specific locations made available by NHLML/ NHAI along the AmritsarBhatinda-Jamnagar corridor, for solarisation of agriculture consumers connected on 11 KV feeders of the GSS, under KUSUM Scheme - Component C (Feeder Level Solarisation) in JDVVNL against TN-DSM-02.' Total Solar Plants' Capacity - 5.04 MW (AC). The estimated construction/ development cost is INR 28 Crore (Including GST). H.G. Solar Projects Private Limited, a wholly owned subsidiary of H.G. Infra Engineering Limited (the "Company"), has incorporated Rasisar Solar Developer Private Limited with an equity shareholding of 49% to undertake the solar power plant projects.

Shares of H.G. Infra Engineering Limited was last trading in BSE at Rs. 909.65 as compared to the previous close of Rs. 905.85. The total number of shares traded during the day was 4352 in over 303 trades.

The stock hit an intraday high of Rs. 922.40 and intraday low of 900.30. The net turnover during the day was Rs. 3984691.00.

Source : Equity Bulls

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HGInfraEngineering INE926X01010 OrderWin EPCContracts SolarPowerPlants