HG Infra's INR 4-Bn Debenture Fuels Battery Storage Expansion

• HG Infra Engineering Ltd boosts its clean-energy drive with a INR 4 billion NCD issuance, powering Gujarat's 435 MW battery-storage projects and aligning with India's 2030 green goals.

HG Infra Engineering Ltd plans to raise INR 4 billion through a private placement of non-convertible debentures to support its battery-storage initiatives. The board has approved the issuance of these debentures, which can be secured, unsecured, or partially secured, in multiple tranches. The funds will enhance working capital and project equity for HG Infra's expanding clean-energy portfolio, particularly its battery energy-storage system projects in Gujarat, totaling 435 MW/1,100 MWh.

The company secured significant allocations in tenders by GUVNL for 2024-25 and aims to finalize terms with investors soon. The first tranche is expected by Q3 FY 2025-26, facilitating progress on the Gujarat projects. HG Infra remains active in solar EPC and hybrid tenders, aligning with India's 2030 non-fossil-fuel target. The INR 4-billion NCD program is set to strengthen HG Infra's position in India's clean-energy market.

How will HG Infra's INR 4 billion debenture boost its battery-storage initiatives?

• The INR 4 billion debenture will provide HG Infra with the necessary capital to advance its battery-storage projects, ensuring timely completion and operational efficiency.
• It will enhance the company's working capital, allowing for smoother project execution and management of cash flows.
  
• The funds will support project equity, enabling HG Infra to leverage additional financing options and partnerships.
  
• By securing this funding, HG Infra can accelerate the development of its 435 MW/1,100 MWh battery energy-storage system projects in Gujarat.
• The debenture issuance will help HG Infra meet the requirements of the GUVNL tenders for 2024-25, ensuring compliance and competitive positioning.
  
• It will allow HG Infra to invest in advanced battery technologies, improving the performance and reliability of its storage systems.
  
• The financial boost will enable HG Infra to expand its clean-energy portfolio, aligning with India's 2030 non-fossil-fuel target.
• The debenture program will strengthen HG Infra's market position, making it a more attractive partner for future solar EPC and hybrid tenders.
• By securing funding through non-convertible debentures, HG Infra can maintain control over its projects without diluting equity.