Infra stock engaged in the business of construction, development, designing, and management of Infrastructure projects offered by government and private players jumped 2 percent in the day’s trade upon being declared as the lowest bidder by South Central Railway for a project worth Rs. 447.11 Crores
With a market capitalization of Rs. 6,165.51 Crores, the shares of H.G. Infra Engineering Limited were trading at Rs. 945, up 1.36 percent from its previous day’s close price of Rs. 932.30.
H.G. Infra Engineering Limited is engaged in the business of offering Engineering, Procurement, and Construction (EPC) services, maintenance for roads, flyovers, bridges, and other infrastructure contract works.
H.G. Infra Engineering Limited has been declared as the L-1 bidder by the South Central Railway for a project worth Rs. 447.11 Crore for the Doubling of the Track between Karanjgaon station & Aurangabad station including Electrification and Signaling works in connection with the Aurangabad- Ankai Doubling Project in the Nanded Division of South Central Railway.
As of September 30, 2023, it has a strong order book worth Rs. 10,678.2 Crores, out of the received projects 70 percent are from Government authorities and 30 percent from private players. Accordingly, 49 percent of the projects are going to be executed on a Hybrid Annuity Mode(HAM) basis, and the rest 51 percent on Engineering, Procurement, and Construction.
H.G. Infra Engineering Limited is engaged in the business of offering Engineering, Procurement, and Construction (EPC) services, maintenance for roads, flyovers, bridges, and other infrastructure contract works.
Its revenue from operations grew 23.21 percent from Rs. 3,751 Crores in FY22 to Rs. 4,622 Crores in FY23, accompanied by increasing profits of Rs. 380 Crores to Rs. 493 Crores.
It has reported a return on equity (ROE) of 29.4 percent and a return on capital employed (ROCE) of 25.4 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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