H.G. Infra Engineering Limited completed the sale of its 100% equity stake in subsidiary H.G. Raipur Visakhapatnam OD-6 Private Limited for Rs. 282.24 crore on April 23, 2026. The subsidiary contributed Rs. 329.10 crore in revenue and had a net worth of Rs. 132.19 crore as of March 31, 2025. The transaction was completed with Neo Infra Income Opportunities Fund, with Rs. 203.00 crore received immediately.

H.G. Infra Engineering Completes Sale of 100% Subsidiary Stake for Rs. 282.24 Crore

H.G. Infra Engineering Limited has completed the divestment of its wholly owned subsidiary, marking a significant corporate restructuring move. The company announced the successful sale of its 100% equity stake in H.G. Raipur Visakhapatnam OD-6 Private Limited to Neo Infra Income Opportunities Fund on April 23, 2026.

Transaction Details

The divestment involved the transfer of the company's entire holding of 11,37,750 equity shares in the subsidiary. This transaction represents the culmination of a process that began with earlier announcements dated August 13, 2025, and November 06, 2025.

Transaction Parameter: Details Total Consideration: Rs. 282.24 crore Immediate Receipt: Rs. 203.00 crore Shares Transferred: 11,37,750 equity shares Completion Date: April 23, 2026 Agreement Date: November 06, 2025

Financial Contribution of Subsidiary

H.G. Raipur Visakhapatnam OD-6 Private Limited made notable contributions to the parent company's consolidated financials for the year ended March 31, 2025.

Financial Metric: Amount (Rs. Crore) Percentage Share Revenue Contribution: 329.10 6.5% of consolidated revenue Net Worth: 132.19 2.6% of consolidated net worth

Buyer Information

The acquirer, Neo Infra Income Opportunities Fund, is a registered scheme under Neo Credit Alternatives Investment Trust, operating as a Category II Alternative Investment Fund registered with the Securities and Exchange Board of India. The fund is managed by Neo Alternative Asset Managers Private Limited, a company incorporated under the Companies Act, 2013, with its registered office in Mumbai, Maharashtra.

Regulatory Compliance

The transaction has been structured as an arm's length deal and does not fall under related party transactions. The buyer does not belong to the promoter, promoter group, or group companies of H.G. Infra Engineering Limited. Following the completion of this sale, H.G. Raipur Visakhapatnam OD-6 Private Limited ceases to be a subsidiary of the company, effectively concluding the divestment process that was initiated in 2025.

H.G. Infra Engineering has announced a major contract win, securing an order worth ₹519.33 crore from Mirzapur Thermal Energy (UP) Private Limited. The contract involves comprehensive civil and railway track work for a significant thermal power project in Uttar Pradesh, as disclosed through a regulatory filing under Regulation 30 of SEBI regulations.

Project Details and Specifications

The order pertains to a substantial 2x800 MW thermal power project located in Mirzapur, Uttar Pradesh. The comprehensive scope includes execution of civil work encompassing earthwork, bridges, and station buildings, along with P-way works for railway infrastructure development.

Parameter: Details Order Value: ₹519.33 crore (including taxes) Client: Mirzapur Thermal Energy (UP) Private Limited Project Capacity: 2x800 MW Location: Mirzapur, Uttar Pradesh Construction Period: 18 months Contract Type: Item Rate/BOQ

Scope of Work and Timeline

The contract encompasses critical infrastructure components essential for the thermal power project. The civil work involves earthwork operations, bridge construction, and development of station buildings, while the railway infrastructure component focuses on P-way works to establish necessary transportation connectivity for the facility's operations.

The project is scheduled for completion within 18 months from commencement, demonstrating the company's commitment to timely execution of large-scale infrastructure projects.

Regulatory Compliance and Project Nature

The order has been classified as a domestic contract under the Item Rate/BOQ structure. The company has confirmed that this transaction does not involve any related party arrangements and maintains arm's length dealing principles. The project represents a purely domestic infrastructure development initiative without any international components.

Strategic Significance

This substantial contract win represents a significant addition to H.G. Infra Engineering's order book and reinforces the company's established position in the power infrastructure sector. The project's strategic location in Uttar Pradesh aligns with the state's ongoing efforts to enhance power generation capacity and strengthen regional electricity infrastructure.

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