$HGINFRA

### H.G. Infra Engineering | Stake Sale in Raipur–Visakhapatnam HAM Project **H.G. Infra Engineering** announced the sale of a **49% stake** in its Raipur–Visakhapatnam HAM project SPV to **Neo Infra Fund** for approximately **₹377.40 crore**. The company also stated that it plans to **monetize its entire stake in phases**, reflecting its asset-light and capital recycling strategy. ### Impact on H.G. Infra Stock **Positive for Cash Flow & Balance Sheet** The transaction will unlock capital and improve liquidity, strengthening the company’s financial position. **Supports Capital Recycling Strategy** Monetising operational HAM assets allows H.G. Infra to redeploy capital into new infrastructure projects and future growth opportunities. **Reduces Debt & Funding Pressure** Stake sale proceeds may help reduce leverage and support execution of the existing order book. **Positive Valuation Signal** The deal indicates investor confidence in the quality and value of the company’s infrastructure assets. **Long-Term Revenue Sharing Reduces** While monetisation improves liquidity, partial stake sales may reduce future annuity income from the project. ### Overall View **Short-Term:** Positive **Long-Term:** Positive **Stock View:** The transaction is viewed positively as it strengthens H.G. Infra’s balance sheet, improves capital efficiency, and reinforces confidence in its HAM asset monetisation strategy. Investors are likely to see the move as supportive for future growth and execution capabilities.