H.G. Infra Engineering Acquires Six Solar Power Projects in Rajasthan as Part of Green Energy Expansion

Jaipur, January 28, 2025 – H.G. Infra Engineering Limited (NSE: HGINFRA) has announced the acquisition of six solar power project companies in Rajasthan as part of its strategic renewable energy expansion. The acquisitions, completed on January 27, 2025, mark the company’s diversification into solar power infrastructure.

Key Acquisitions​

H.G. Infra has acquired the following solar power project entities, all incorporated in 2024 and headquartered in Rajasthan:

1. H.G. Mangeriya Solar Project Private Limited
2. H.G. Sri Dungargarh Solar Project Private Limited
3. H.G. Mathania Solar Project Private Limited
4. H.G. Bhopalgarh Solar Project Private Limited
5. H.G. Nokha Solar Project Private Limited
6. H.G. Mukam Solar Project Private Limited

Acquisition Details​

• Total Investment: ₹1,678 crore across all six acquisitions.
• Nature of Transaction: Cash-based acquisitions.
• Objective: Expansion into solar power generation and sustainable energy development.
• Shareholding: H.G. Infra held a 0.51% stake before the acquisition and now owns 100% in all six entities.
• Related Party Disclosure: These acquisitions are related-party transactions, not classified as material transactions under SEBI norms.

Strategic Rationale​

H.G. Infra Engineering, traditionally a highway and infrastructure developer, is strategically pivoting towards renewable energy, aligning with India’s green energy transition. These acquisitions will:

• Strengthen the company’s renewable energy portfolio.
• Leverage solar power investments for infrastructure projects.
• Enhance long-term sustainability and ESG compliance.

Industry Implications & Market Outlook​

The move reflects a broader industry trend of large infrastructure firms diversifying into renewable energy. With Rajasthan emerging as a solar power hub, H.G. Infra’s investments position it as a key player in India’s clean energy sector.