Market Performance
HG Infra Engineering's share price increased by 5 percent on April 22, 2025, closing at ₹1,197. Over the past week, the stock has seen a 12 percent rise, outperforming the Nifty 50 index, which registered an 8 percent gain during the same period.
Key Update: Qualification for Gujarat Battery Storage Project
The company has been announced as a qualified bidder by Gujarat Urja Vikas Nigam under the Tariff-Based Global Competitive Bidding framework (Phase-VI). The project involves the establishment of a Standalone Battery Energy Storage System (BESS) in Gujarat, with a capacity of either 300 megawatts (MW) or 600 megawatt-hours (MWh).
Company Profile
HG Infra Engineering, headquartered in Jaipur, operates in the infrastructure sector. The company designs, constructs, develops, and manages infrastructure projects. It provides end-to-end services that include engineering, procurement, and construction. Known for its ability to execute critical infrastructure projects, HG Infra has established long-term partnerships and engages in strategic collaborations for asset maintenance.
Financial Overview
As of December 31, 2024, HG Infra Engineering reported the following:
- Order Book: ₹15,080 crore
- Composition of Orders: 94 percent from government projects and 6 percent from private sector engagements
- Revenue Visibility: The order book provides coverage for the next two to three years
- New Orders in Q4FY25: ₹2,195 crore
- Expected Order Inflow in FY26: ₹10,000 to ₹12,000 crore
- Future Order Composition: 35 to 40 percent expected to come from non-road infrastructure projects
Summary
HG Infra Engineering's share price rose by 5 percent following its qualification for a battery storage project in Gujarat. The company's strong government-backed order book and recent contract wins underline its revenue potential over the coming years. With a focus on expanding into non-road infrastructure, HG Infra is positioned to diversify its operations further.
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