H.G. Infra Engineering gains on acquiring 100% stake in Angul Sundargarh Transmission
H.G. Infra Engineering is currently trading at Rs. 1049.50, up by 3.75 points or 0.36% from its previous closing of Rs. 1045.75 on the BSE.
The scrip opened at Rs. 1026.80 and has touched a high and low of Rs. 1064.85 and Rs. 1026.80 respectively. So far 4137 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1710.65 on 29-Jul-2024 and a 52 week low of Rs. 921.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1089.00 and Rs. 1026.80 respectively. The current market cap of the company is Rs. 6836.45 crore.
The promoters holding in the company stood at 71.78%, while Institutions and Non-Institutions held 14.09% and 14.13% respectively.
H.G. Infra Engineering has executed a Share Purchase Agreement (SPA) with PFC Consulting (PFCCL) on July 28, 2025 and acquired 100% Equity Shares of Angul Sundargarh Transmission (ASTL), a wholly-owned subsidiary of PFCCL.
This acquisition is a part of the Bid as it is prescribed in the Request for Proposal Notification (RFP) that Successful Bidder i.e. H.G. Infra Engineering (HGIEL) shall acquire 100% equity shares of Angul Sundargarh Transmission. This acquisition is proposed to further the company’s strategy for enhancing value for its shareholders through organic as well as inorganic opportunities.
Angul Sundargarh Transmission (ASTL) will aim to establish Inter-State Transmission System for Eastern Region Generation Scheme-I (ERGS-I).
H.G. Infra Engineering is an infrastructure construction, development and management company with extensive experience in its focus area of road projects, including highways, bridges and flyovers.
