HGIEL Launches BESS SPV in Gujarat

  Published 1 year ago

HGIEL forms Rs 15 lakh SPV for Gujarat BESS projects under Phase VI TBCB, no immediate financial impact.

  • SPV focuses on standalone battery storage, authorized capital of Rs 15 lakh, wholly owned by HGIEL.
  • Classified as a related party; no promoter or group company has an indirect interest beyond the parent equity.
  • HGIEL specializes in road construction, holds AA (PWD) and SS (MES) accreditations in India.

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