Shares of HG Infra Engineering Ltd rose 5% on 22 April after the Gujarat Urja Vikas Nigam Ltd deemed the enterprise a certified bidder for an vital mission.
The bid contains establishing a Standalone Battery Power Storage System (BESS) in Gujarat with a capability of both 300 megawatts (MW) or 600 megawatt-hours (MWh) below the Tariff-Primarily based International Aggressive Bidding framework (Part-VI).
As well as, the corporate acquired new orders of Rs 2,195 crore throughout Q4FY25. Administration expects non-road infrastructure tasks to account for 35% to 40% of its future order e book over the subsequent two to a few years. Moreover, HG Infra expects to amass new orders of round Rs 10,000-12,000 crore in FY26.
HG Infra’s complete order e book as of 31 December 2024 was a sturdy Rs 15,080 crore, about 3 times its FY24 income. Curiously, the federal government funds 94% of the tasks within the order e book, with the personal sector funding the remaining 6%. This combine ensures glorious revenue visibility over the next two to a few years.
Primarily based in Jaipur, HG Infra Engineering is an infrastructure agency that plans, develops, constructs, and oversees infrastructure tasks. The enterprise is famend for providing complete design, engineering, procurement, and development options.
The corporate has a monitor document of efficiently finishing vital capital tasks and overseeing infrastructure property by means of astute teamwork and enduring partnerships.
At 12:44 pm, the shares of HG Infra Engineering had been buying and selling 1.25% larger at Rs 1,153 on NSE.
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