H.G. Infra Engineering has executed a Share Purchase Agreement (SPA) with PFC Consulting (PFCCL) on July 28, 2025 and acquired 100% Equity Shares of Angul Sundargarh Transmission (ASTL), a wholly-owned subsidiary of PFCCL.
This acquisition is a part of the Bid as it is prescribed in the Request for Proposal Notification (RFP) that Successful Bidder i.e. H.G. Infra Engineering (HGIEL) shall acquire 100% equity shares of Angul Sundargarh Transmission. This acquisition is proposed to further the company’s strategy for enhancing value for its shareholders through organic as well as inorganic opportunities.
Angul Sundargarh Transmission (ASTL) will aim to establish Inter-State Transmission System for Eastern Region Generation Scheme-I (ERGS-I).
H.G. Infra Engineering is an infrastructure construction, development and management company with extensive experience in its focus area of road projects, including highways, bridges and flyovers.
