Shares of HG Infra Engineering Ltd were trading 2% higher on 1 December after the company signed a battery energy storage purchase agreement with Gujarat Urja Vikas Nigam (GUVNL).

HG Choraniya Bess, a wholly owned subsidiary of HG Infra Engineering, entered into a battery energy storage purchase agreement with Gujarat Urja Vikas Nigam for the procurement of a battery energy storage system for 300 MW/600 MWh on a long-term basis, the company stated in its exchange filing.

Earlier, last week, the Maharashtra Metro Rail Corporation declared HG Infra Engineering (with a 40% stake) and Kalpataru Projects International as the L-1 bidder in a joint venture vying for a Rs 1415 crore project.

DLF Cyber City Developers in the state of Haryana has also given HG Infra Engineering an order to execute infrastructure works at the DLF Downtown, Phase-2 project located in Sector-25A, Gurugram, Haryana, for a total of Rs 274.11 crore.

At 2:35 pm, the shares of HG Infra Engineering were trading 0.53% higher at Rs 869.90 on NSE.

Tired of missing hot stocks? Unicorn Signals provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!