H.G. Infra Engineering Limited (HGIEL) has approved raising ₹4 billion (~$46.5 million) via Non-Convertible Debentures (NCDs) through private placement. The decision, made during a July 14, 2025 board meeting, allows issuance in multiple tranches with flexible structuring. Though the specific use of funds isn't disclosed, HGIEL is heavily engaged in renewable infrastructure, including Solar and Energy Storage Projects.
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