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HG Infra Engineering shares ticked up after the company sealed a battery energy storage deal with Gujarat Urja Vikas Nigam, powering its entry into the grid scale storage game.
Gujarat Urja Vikas Nigam manages power generation, transmission and distribution in Gujarat, oversees state electricity companies and supports reliable, affordable energy development.
Breaking it down: HG Choraniya Bess, a fully owned arm of the company, has signed an agreement to set up a large battery energy storage system with a capacity of 300 MW and 600 MWh.
In simple terms, it is like building a giant power bank for the electricity grid that can store a lot of energy and release it when needed.
Why it matters: Battery energy storage is becoming a key part of India’s power infrastructure because it helps balance intermittent renewable energy like solar and wind. With Gujarat being one of the country’s biggest renewable hubs, adding storage can improve grid stability and reduce blackout risks.
