Synopsios: Infra stock rose 8% after winning a ₹3,931.11 crore EPC contract from Welspun Enterprises Limited to build a 6-lane highway and upgrade the Pune–Shirur stretch of NH-753F in Maharashtra, to be completed in 36 months.
The shares of an Infrastructure company specialising in Engineering, Procurement, and Construction (EPC) Services are in the spotlight in the day’s trade as they have secured a massive Rs. 3,931 Crores Order from Welspun Enterprises Limited.
With a market capitalisation of Rs. 4,164.43 crores in the day’s trade, the shares of H.G. Infra Engineering Limited rose upto 8.1 percent, making a high of Rs. 681.05 per share compared to its previous closing price of Rs. 629.70 per share.
What Happened
H.G. Infra Engineering Limited, engaged in Engineering, Procurement, and Construction (EPC) Services, has informed the stock exchanges that it has received a Letter of Award from Welspun Enterprises Limited. The order is for a major infrastructure project in the state of Maharashtra.
The project involves the construction of a 6-lane (partly elevated) highway corridor along with the improvement of the existing road stretch from Km 10+600 to Km 64+000 on the Pune–Shirur section of NH-753F. The contract, awarded on an item-rate basis, has an estimated value of Rs. 3,931.11 crore (excluding taxes) and is scheduled to be executed over a period of 36 months.
Financials & Others
The company’s revenue rose by 12.36 percent from Rs. 1,265 crores in December 2024 to Rs. 1,421 crores in December 2025. Meanwhile, Net profit declined from Rs. 115 crores to Rs. 94 crores in the same period.
The company demonstrates strong profitability metrics, with a ROCE of 16.8% and a ROE of 18.3%, indicating efficient capital utilization and robust returns for shareholders. Compared to the industry, its valuation appears attractive, as the stock P/E of 11 is significantly lower than the industry P/E of 18.4, suggesting potential undervaluation relative to peers.
With a median sales growth of 27.6% over the last 10 years, the company has maintained strong and consistent revenue expansion, highlighting its sustained operational momentum and growth potential.
H.G. Infra Engineering Ltd (HGIEL) is a premier Indian EPC company established in 2003, specialising in road construction, bridges, flyovers, and infrastructure development, particularly under the Bharatmala Pariyojana.
Over the years, the company has diversified its service offerings to include metro rail, railways, land development, and water pipeline projects, in addition to its core focus on road construction through Engineering, Procurement, and Construction (EPC) services.
As of December 2025, the company holds an impressive order book of Rs. 1,36,244 million, reflecting strong demand for its products and services. Geographically, the orders are well-distributed, with 56% from the West, 21% from the East, 17% from the North, and 6% from the South, indicating a dominant presence in the western region while maintaining a balanced footprint across other areas.
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