HG Infra Engineering Share Price Gains 2% on Major Project Win in Odisha

Market Performance

HG Infra Engineering's share price rose 2.58% in early trade on June 12, quoting at Rs 1,131.05, up Rs 28.40 from the previous close.

• 52-week high: Rs 1,880.00 (July 16, 2024)
• 52-week low: Rs 921.05 (April 7, 2025)
• Current level: 39.84% below 52-week high
• Trading 22.8% above its 52-week low
• Market Capitalisation: Rs 7,371.18 Crore

Despite recent gains, HG Infra Engineering's share price remains significantly below its peak levels over the past year.

Main News: Project Win in Odisha Boosts Sentiment

HG Infra Engineering shares climbed after the company emerged as the lowest bidder for a main inter-state transmission project in Odisha.

• The project is part of the Eastern Region Generation Scheme – I (ERGS-I)
• The bid was won through Tariff-Based Competitive Bidding
• Awarded by PFC Consulting, a subsidiary of Power Finance Corporation

The awarded contract is based on a Build, Own, Operate & Transfer (BOOT) model and comes with a tariff of Rs 431.11 million per year. The project is expected to be completed by March 28, 2028.

Company Details

In addition to the Odisha project, HG Infra Engineering received a Letter of Intent (LOI) in May for a significant project in Gujarat:

• Client: Gujarat Urja Vikas Nigam
• Project: 300 MW/600 MWh Standalone Battery Energy Storage System
• Bidding Round: Phase-VI under Tariff-Based Competitive Bidding
• Total capacity: Part of 500 MW/1000 MWh project

This development further highlights the company's strong presence in India's infrastructure and energy sectors.

Financial Performance

Revenue

• Q4FY25 Revenue: Rs 1,360.9 Crore
• YoY Decline: 20.3% (from Rs 1,708.3 Crore)

Net Profits

• Q4FY25 Profit: Rs 147 Crore
• YoY Decline: 22.6% (from Rs 190 Crore)

HG Infra Engineering reported a sharp decline in both revenue and net profit for Q4FY25, impacting its overall financial momentum.

Summary of the Article

HG Infra Engineering's share price gained over 2% following the company's success in securing a high-value transmission project in Odisha. With a tariff of Rs 431.11 million per year, this contract strengthens the company's infrastructure portfolio.

Despite the recent rise in HG Infra Engineering's share price, the stock remains significantly below its 52-week high. Financially, the company reported a decline in both revenue and profit in Q4 FY25. However, multiple project wins, including in Gujarat, could support operational stability in the long term.