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H.G. Infra Engineering Ltd. ( (IN:HGINFRA) ) just unveiled an announcement.
H.G. Infra Engineering Ltd. has announced the transfer of a 26% stake in three of its wholly-owned solar project subsidiaries to Stockwell Solar Services Pvt. Ltd. This move means these entities will no longer be wholly-owned subsidiaries but will remain as subsidiaries. This strategic stake transfer is part of H.G. Infra’s efforts to optimize its solar energy investments and collaborate with Stockwell Solar, a company specializing in renewable energy solutions, which could enhance operational efficiency and market positioning in the renewable sector.
More about H.G. Infra Engineering Ltd.
H.G. Infra Engineering Ltd. operates in the infrastructure sector, focusing primarily on engineering, procurement, and construction services. The company is involved in various infrastructure projects, including roads, highways, and solar energy projects, with a market focus on expanding its renewable energy portfolio.
Average Trading Volume: 11,546
Technical Sentiment Signal: Sell
Current Market Cap: 65.13B INR
Learn more about HGINFRA stock on TipRanks’ Stock Analysis page.