HEC Infra Projects Limited Approves Formation of New Subsidiary for Technical Services
The Board of Directors of HEC Infra Projects Limited has decided to form a new subsidiary, 'Shivam Grid Solutions Private Limited,' dedicated to undertaking business activities related to professional support services. The decision was made during the Board meeting held on July 14, 2026.The newly formed entity will focus on providing comprehensive electrical, mechanical, and engineering support services. Furthermore, the subsidiary's scope includes supplying technical manpower services within these fields.
HEC Infra Projects Limited intends to incorporate this new company in India. The proposed subsidiary is set up as a subsidiary of the listed holding company, with its primary objective being the provision of specialized support services.
Key details regarding the planned incorporation are as follows:
| Detail | Description |
|---|---|
| Subsidiary Name | Shivam Grid Solutions Private Limited |
| Industry Focus | Providing electrical, mechanical, and engineering support services |
| Core Business Activity | Technical manpower supply services |
| Nature of Consideration | Cash subscription to the Memorandum & Articles |
Regarding the capital structure, HEC Infra Projects Limited will subscribe 51% equity shares through the subscription process for the proposed company. The subsidiary will be incorporated in India.
HECPROJECT Stock Price Movement
Shares of HEC Infra Projects Limited slipped today in post-market trading, closing at ₹128.56, marking a 0.92% decline. The equity traded on a volume of 7,226 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.