H.G. Infra Engineering jumps on incorporating wholly owned subsidiary
H.G. Infra Engineering is currently trading at Rs. 1280.80, up by 32.95 points or 2.64% from its previous closing of Rs. 1247.85 on the BSE.
The scrip opened at Rs. 1272.85 and has touched a high and low of Rs. 1295.90 and Rs. 1257.65 respectively. So far 6186 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1880.00 on 16-Jul-2024 and a 52 week low of Rs. 854.80 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1340.00 and Rs. 1205.75 respectively. The current market cap of the company is Rs. 8407.07 crore.
The promoters holding in the company stood at 71.78%, while Institutions and Non-Institutions held 14.91% and 13.31% respectively.
H.G. Infra Engineering has incorporated a wholly owned subsidiary (WOS) company namely ‘H.G. Gujarat Bess’ a Special Purpose Vehicle (SPV) on February 05, 2025. The WOS will carry out business in the field of Battery energy storage system.
Earlier, the company had incorporated a wholly owned subsidiary company namely ‘H.G. Bahuvan Jagarnathpur Highway’, a Special Purpose Vehicle (SPV) on January 23, 2025 to undertake the road project awarded by Ministry of Road Transport and Highways (MORTH).
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.
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