Synopsis: HEC Infra Projects Limited has secured a work order worth Rs. 44.87 crore from Powergrid Bikaner IV Transmission Limited, a wholly owned subsidiary of Power Grid Corporation of India Limited. The project involves augmentation of transformation capacity at a key substation in Rajasthan and is expected to strengthen the company’s order book and revenue visibility.
Shares of HEC Infra Projects Limited are likely to remain in focus after the company announced that it has received a major work order from Powergrid Bikaner IV Transmission Limited, a wholly owned subsidiary of Power Grid Corporation of India Limited.
HEC Infra Projects Limited has a total market capitalization of approximately Rs. 133.46 crore. The company’s shares were trading at around Rs. 122.23 apiece on the National Stock Exchange, up by 0.25 percent during the session. The stock has declined around 3.38 percent over the last five trading sessions and delivered a negative return of nearly 1.80 percent over the past month, reflecting a negative performance. The stock touched a 52-week high of Rs. 184.10 and a 52-week low of Rs. 92.
According to the company’s exchange filing, it has received a work order worth Rs. 44.87 crore from Powergrid Bikaner IV Transmission Limited. The project pertains to the augmentation of transformation capacity at the 400/220 kV Bikaner-IV Substation through the installation of 2×500 MVA, 400/220 kV Inter Connecting Transformers (ICTs), along with associated bays and implementation of three 220 kV line bays.
The contract has been awarded by a domestic entity and is scheduled to be executed within a period of 15 months. The company further stated that none of its promoters or promoter group entities have any interest in the awarding authority and the transaction does not qualify as a related-party transaction.
The latest order is expected to strengthen HEC Infra Projects’ position in India’s power transmission and substation infrastructure segment. With the government continuing to invest heavily in transmission network expansion, renewable energy integration, and grid modernization projects, companies involved in EPC and electrical infrastructure development are expected to benefit from the growing opportunities.
The management highlighted that this project will help the company move to the next level of growth and support its efforts to secure similar contracts from both government and private sector clients across various states in the future.
Incorporated in 2005, HEC Infra Projects Limited is engaged in providing electrification, power transmission, distribution infrastructure, and EPC contracting services. The company undertakes projects related to substations, transmission lines, electrical installations, and power infrastructure development for government utilities and private sector clients across India.
The new Rs. 44.87 crore order adds to the company’s order book and is expected to contribute to revenue generation over the next several quarters while further strengthening its presence in the power infrastructure sector
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