Synopsis:
HG Infra Engineering Limited has acquired 100 percent shares of Angul Sundargarh Transmission Limited, expanding its transmission business.
The infrastructure stock, engaged in the business of Engineering, Procurement, and Construction (EPC) services, as well as the maintenance of roads, bridges, and other infrastructure projects, is in focus after acquiring a 100 percent stake in Angul Sundargarh Transmission Limited.
With a market capitalization of Rs. 6,940 Crores, shares of HG Infra Engineering Limited opened at Rs.1,026.80 per equity share, from its previous day’s closing price of Rs. 1,045.75, and made an intra-day high of Rs. 1,064.85.
Acquisition Details
HG Infra Engineering Limited has taken a major step in expanding its business by acquiring 100 percent equity shares of Angul Sundargarh Transmission Limited (ASTL). The company signed a Share Purchase Agreement (SPA) with PFC Consulting Limited.
Angul Sundargarh Transmission Limited will focus on developing the Inter-State Transmission System under the Eastern Region Generation Scheme-I (ERGS-I), an important project for improving electricity flow across states.
Angul Sundargarh Transmission Limited was incorporated in India on March 1, 2024, and falls under the electric utilities sector, specifically transmission services.The project has been acquired as part of the bidding process, where HG Infra was selected as the successful bidder.
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Company Profile
H.G. Infra Engineering Limited (HGIEL) is a leading infrastructure company in India Established in 2003, with over 21 years of experience in developing roads and highways. The company specializes in providing Engineering, Procurement, and Construction (EPC) services and also works on Hybrid Annuity Model (HAM) projects.
The company has successfully completed projects across more than 15 states in India. Its work spans across various sectors, including roads, highways, railways, metro systems, and solar infrastructure, making H.G. Infra Engineering Limited a trusted name in the infrastructure development space.
H.G. Infra Engineering Limited has a strong total order book worth Rs.15,281.2 crores. This shows the company’s solid project pipeline and ability to handle large projects.
The biggest part of this order book comes from the Highway projects, which make up Rs. 10,392 crores (68 percent), Railway Projects contribute Rs. 3,097.5 crores (20 percent), while Solar projects account for Rs. 818.7 crores (5.4 percent). The rest comes from BESS Rs.973 crores (6.4 percent).
The company’s revenue from operations declined from Rs. 5,378 crores in FY24 reaching Rs.5,056 crores in FY25, reflecting negative business growth, and the net profits of the company dropped from Rs. 539 crores in FY24 to Rs. 505 crores in FY25, indicating a decrease in earnings.
Written by Sudeep Kumbar
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