HG Infra Engineering and Ultra Vibrant Solar Energy have signed a memorandum of understanding (MoU) on 08 July, 2024.
The MoU has been entered to acquire the project development activities, which will be done through individual project companies. The project encompasses 83.02 MW (AC)/116.228 MW (DC), which will be developed by the company.
The total engineering, procurement, construction (EPC) value for developing these projects is estimated at Rs 465 crore.