HG Infra Engineering Limited saw its shares rally 5.77% to a high of ₹1,543.80 per share on Tuesday, December 24, 2024, after the company’s subsidiary signed a battery energy storage purchase agreement with NTPC.
HG Infra Engineering’s subsidiary HG Banaskantha BESS Pvt Ltd signed the contract with NTPC Vidyut Vyapar Nigam Limited for a 185 MW/370 MWh project on a long-term basis.
In an exchange filing, the company stated, “We wish to inform you that the H.G. Banaskantha Bess Private Limited, a wholly owned subsidiary of HG Infra Engineering entered into a battery energy storage purchase agreement with NTPC Vidyut Vyapar Nigam Limited on December 23, 2024 for procurement of 185 MW/ 370 MWH on a long term basis.”
On Tuesday at 3:10 PM, the shares of HG Infra Engineering were trading at ₹1,515.15 per share, 3.81% higher as compared to the previous close of ₹1,459.55 per share on the National Stock Exchange.
Summary: HG Infra Engineering shares gain nearly 6% on signing battery storage contract with NTPC.
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