HG Infra Engineering’s shares surged 5.4% to Rs 942 during Tuesday’s trading session on BSE following the company’s announcement of securing four orders worth Rs 1,026 crore for its solar business through a joint venture (JV) with Stockwell Solar Services.
According to the company’s statement filed with the exchange, Jodhpur Vidyut Vitran Nigam Limited has granted four contracts to the JV consortium comprising HG Infra Engineering and Stockwell Solar Services Private Limited. These contracts entail the development of four grid-connected solar power plants with a combined capacity of 203.76 MW (AC).
