H.G. Infra acquires 100% of Ranipur SPV.

H.G. Infra Engineering Limited

has executed a share purchase agreement to acquire 100 percent equity shares of Ranipur Chunar Power Transmission Limited. The deal supports its expansion in the power transmission sector. The agreement was signed on 26 September 2026 with REC Power Development and Consultancy. The SPV will handle an intra-state transmission project in Uttar Pradesh. This fits the company’s move beyond roads into power infrastructure. The key trigger is the 100 percent acquisition completed on 26 September 2026. It adds a transmission asset to the order book. Peers such as KEC International, Kalpataru Projects and Power Grid may see limited direct impact. Near-term price support is possible on the strategic diversification. Risks include project execution delays and regulatory clearances. Competitors listed: KEC International, Kalpataru Projects, Power Grid. We have no financial interest in this news.