The shares Infrastructure company specializing in the business of providing Engineering, Procurement, and Construction (EPC) Services jumped upto 3 percent following the Joint Venture with D.E.C. Infrastructure and Projects Pvt. Ltd to redevelop New Delhi Railway Station for Rs. 2,195.68 crore
Price action
With a market capitalization of Rs. 8,292.7 crores on Friday, the shares of H.G. Infra Engineering Limited rose upto 3 percent making a high of Rs. 1311.00 per share compared to its previous closing price of Rs. 1272.45 per share.
What Happened
H.G. Infra Engineering Limited jointly with D.E.C. Infrastructure and Projects (India) Pvt. Ltd has been declared the L-1 bidder by the Rail Land Development Authority (RLDA), in a Joint Venture Bidding to redevelop New Delhi Railway Station and associated infrastructure.
HGINFRA has a 49 percent share and D.E.C. Infrastructure and Projects (India) Private Limited has a 51 percent share in the Joint Venture for the project. The project is valued at Rs. 2,195.68 crore and is to be executed in 45 months under the Engineering, Procurement, and Construction (EPC) mode.
About the Company
H.G. Infra Engineering Limited is a leading infrastructure company specializing in the business of Engineering, Procurement, and Construction (EPC) Services, Maintenance of roads, bridges, flyovers, and other infrastructure contract works. With a robust order book, the company is known for its expertise in large-scale infrastructure development. It operates across diverse segments, including roadways, railways, and renewable energy.
Orderbook segment
As of December 2024, the company’s order book stands at Rs. 15,080 crores, with 75 percent in the highway segment (Rs. 11,310 crores), 15 percent in the railway segment (Rs. 2,262 crores), and 10 percent in the solar segment ( Rs. 1,508 crores).
Financials
The company’s revenue declined by 7.3 percent from Rs. 1,368.39 crore to Rs. 1,268.08 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs.102.05 crores to Rs. 115.18 crores in Q3FY24-25.
Written by Sridhar J
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