This Infra Stock Secures Over Rs 500 Cr Order; Shares Gain Over 1.5%

H.G. Infra Engineering opened at Rs 530.00 and surged to an Intraday high of Rs 567.95, while the low stood at Rs 515.30. It eventually closed at Rs 553.60, gaining 1.60 per cent, representing positive sentiment following the announcement that it has secured a major order from Mirzapur Thermal Energy (UP) Private Limited for a Railway infrastructure project in Uttar Pradesh.

Order Details
The project involves execution of civil works, including earthwork, bridges, and station buildings, along with P-way (track) works for a 2x800 MW thermal power project in Mirzapur. The contract is awarded under an item rate/BOQ model.

The total project cost stands at approximately Rs 519.33 crore (including Taxes), and the execution timeline has been set at 18 months.

Strengthens Order Book Visibility
This order further strengthens the company’s project pipeline and reinforces its presence in infrastructure development, particularly in railway and power-linked projects. Such large-scale contracts are expected to provide revenue visibility over the medium term.

About the Company
H.G. Infra Engineering Limited is an Indian infrastructure company engaged in Engineering, Procurement, and Construction (EPC) services. The company undertakes projects related to roads, bridges, flyovers, and other large-scale infrastructure works, along with maintenance contracts.

Share your views in the comments below.

Disclaimer: This article is for informational purposes only and not investment advice.