H.G. Infra Engineering Ltd Incorporates Subsidiary for Odisha Highway Project

H.G. Infra Engineering Ltd Incorporates Subsidiary for Odisha Highway Project​

H.G. Infra Engineering Limited has incorporated a wholly owned subsidiary (WoS), H.G. Gobindpur Tangi Highway Private Limited. The subsidiary was formed to execute a specific infrastructure project awarded by the National Highways Authority of India (NHAI).

The newly formed Special Purpose Vehicle (SPV) is tasked with the Construction of new Six-lane Access Controlled Capital Region Ring Road Package-III. This project runs from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16) in the State of Odisha under NH(O) on a Hybrid Annuity Mode basis.

The key details of the awarded project are outlined below:

Corporate Structure and Investment​

H.G. Gobindpur Tangi Highway Private Limited has been incorporated as a wholly owned subsidiary of H.G. Infra Engineering Limited. The subsidiary is positioned as a Special Purpose Vehicle and, as of its incorporation, has not commenced its business operations.

Regarding the corporate structure, the subsidiary, identified by CIN: U42101RJ2026PTC113127, was established with a subscribed capital of Rs. 15,00,000, divided into 1,50,000 equity shares of Rs 10/- each. The transaction involves the initial subscription to this share capital via cash consideration.

H.G. Infra Engineering Limited holds 100% of the shareholding and control in H.G. Gobindpur Tangi Highway Private Limited. The industry sector of the entity is categorized as Infrastructure.

HGINFRA Stock Price Movement​

On Friday, H.G. Infra Engineering Limited shares slipped by 0.31% to close at ₹621.05. The stock found support during the session, which saw a trading range between ₹616.2 and ₹629.9 on a volume of 235,591 shares.

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