This infra stock specializes in engineering, procurement, and construction (EPC) services, along with the maintenance of roads, bridges, flyovers, and various other infrastructure projects, is in focus after receiving an order worth Rs. 2469 crore from the Rail Land Development Authority (RLDA).
Stock Price Movement:
With a market capitalization of Rs. 7,625.67 crore, the shares of H.G. Infra Engineering Limited were closed at Rs. 1170.10 per equity share, down nearly around 5.24 percent from its previous day’s close price of Rs. 1234.85.
What Happened:
H.G. Infra Engineering Limited (HGINFRA), in partnership with D.E.C. Infrastructure and Projects (India) Pvt. Ltd., has received a letter of acceptance from the Rail Land Development Authority (RLDA) for redeveloping New Delhi Railway Station.
The project is valued at Rs. 2,469 crore and will be executed under the EPC (engineering, procurement, and construction) model. The project is expected to be completed in 45 months. This development marks a significant achievement for HGINFRA, reinforcing its expertise in infrastructure projects.
Order Book:
As of December 2024, H.G. Infra Engineering Limited has a strong and diverse order book worth Rs. 15,080 crore. The roads and highways sector leads with Rs. 11,234.7 crore (75 percent), followed by the Railways & Metro sector, which holds Rs. 2,289 crore (15 percent) and the solar segment contributes Rs. 1,556.3 crore (10 percent).
The order book is balanced between government (94 percent) and private (6 percent) projects. The HAM (Hybrid Annuity Model) has 67 percent of the order book and the remaining 33 percent from EPC projects.
Projects in FY25:
During 9MFY25, H.G. Infra Engineering secured key projects across multiple sectors. In Roads & Highways, they won four major EPC projects, including Rs. 675 crore for 84 Kosi Parikrama Marg (UP), Rs. 700 crore for Narol-Sarkhej Junction (Gujarat), and two large projects in Maharashtra, Nagpur-Chandrapur, NC-04 (Rs. 1,991.1 crore) and NC-05 (Rs. 2,151.1 crore).
In renewable energy, they secured a Rs. 408.5 crore solar plant in Rajasthan and expanded into Battery Energy Storage Systems (BESS) with two major contracts from NVVNL and GUVNL, ensuring long-term growth.
Recent quarter results:
H.G. Infra Engineering Limited’s revenue has decreased from Rs. 1,365 crore in Q3 FY24 to Rs. 1,265 crore in Q3 FY25, which is down by 7.33 percent. The net profit has grown by 12.75 percent from Rs. 102 crore in Q3 FY24 to Rs. 115 crore in Q3 FY25.
Written By – Nikhil Naik
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