Shares of HG Infra Engineering Ltd were trading in the green and 4% higher during the early trading hours on 19 March after the company’s joint venture announced securing an order worth Rs 1,026 crore.
In its regulatory filing, the company said that the joint venture consortium of HG Infra along with Stockwell Solar Services Private Limited has been awarded four contracts from Jodhpur Vidyut Vitran Nigam Limited for four grid-connected solar power plants with a total capacity of 203.76 Megawatt alternative current (MWac).
The four projects are;
- The first solar projects will have a total capacity of 36.12 MW and cost Rs 156 crore.
- The second solar project has a total capacity of 93.08 MW and will cost Rs 396 crore.
- The third project will have a total capacity of 73.96 MW, costing Rs 314 crore.
- The Fourth project has a total capacity of 37.76 MW with an estimated cost of Rs 160 crore.
The project will be executed by separate entities incorporated/ to be incorporated by Stockwell Solar Services and the company directly or through its subsidiaries.
The project is EPC (engineering, procurement, and construction) and commissioning of a solar power plant that has to be completed in 12 months.
Earlier last week, the company received a LoA for a 709.11 crore project from the East Central Railway and another letter of award for a project worth Rs 862.11 crore from the National Highways Authority of India.
At 1:35 pm, the shares of HG Infra were trading 2.29% higher at Rs 914.25 on NSE.
