H.G. Infra Engineering hits fresh 52 week high
Order Details:
H.G. Infra Engineering Limited, a prominent road infrastructure company announced today the receipt of two letters of award issued by Jodhpur Vidyut Vitran Nigam Limited to the consortium of Stockwell Solar Services Private Limited and H.G. Infra Engineering Limited. These contracts pertain to the development of solar power plants.
The first contract involves the design, survey, supply, installation, testing, commissioning, operation, and maintenance for 25 years of a grid-connected solar power plant with a capacity of 11.56 MW (AC) in Churu, Rajasthan. This project, executed through the RESCO mode, includes the establishment of associated 33KV or 11KV lines to connect the solar plants with the corresponding GSS. The estimated construction cost for this endeavor is approximately Rs 49 crore (including GST).
Similarly, the second contract entails the design, survey, supply, installation, testing, commissioning, operation, and maintenance for 25 years of a grid-connected solar power plant with a capacity of 25.10 MW (AC) in Bikaner, Rajasthan. The estimated construction/development cost for this project is Rs 107 crore (including GST).
Both projects are expected to be completed within a time frame of 12 months, with an additional 25-year operation and maintenance period commencing from the Commercial Operation Date (COD). As of December 31, 2023, the company maintains a robust order book valued at Rs 9,626.3 crore.
Stock Performance:
During the latest trading session, the company’s stock closed at Rs 993.70. Opening at Rs 1001.05 today, it closed at Rs 1060.30, reflecting a 6.70% increase. Amidst the upward trajectory of small-cap stocks, the company’s shares reached a fresh 52-week high at Rs 1098.40, while its 52-week low stands at Rs 786.85. Currently, the company boasts a market capitalization of approximately Rs 6,910 crore. Over the past year, the company’s shares have appreciated by 35.70%.
About H.G. Infra:
H.G. Infra Engineering Limited is an Indian road infrastructure company engaged in the business of Engineering, Procurement, and Construction (EPC) Services, as well as maintenance of roads, bridges, flyovers, and other infrastructure contract works.
Disclaimer: This blog is intended solely for educational purposes. The securities mentioned are for illustrative purposes only and not recommendations. The content is sourced from various secondary sources on the internet and is subject to change. Please consult with a financial expert before making any related decisions.`