EPC electrical company receives new order worth Rs 3,08,00,000 from Ahmedabad Municipal Corporation
The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 82.01 per share.
HEC Infra Projects Limited has secured a new domestic order valued at Rs 3.08 crore from Ahmedabad Municipal Corporation. The contract involves augmentation work, specifically the Supply, Installation, Testing and Commissioning (SITC) of electrical, mechanical and instrumentation works for existing water distribution stations located at Gitabaug, Paldi and Niyojannagar, Manekbaug, both within the West Zone. The project is expected to be completed within an eight-month timeframe and HEC Infra Projects Limited anticipates this order will serve as a stepping stone for pursuing similar projects with both private and government entities across various states in the future.
Earlier, the company had secured a domestic work order worth Rs 4.68 crore from the Ahmedabad Municipal Corporation. This project involves the augmentation of civil, electrical, mechanical and instrumentation work for the CTM Water distribution station in the South Zone of AMC. The company anticipates completing the project within 10 months and plans to pursue similar opportunities with both private and government entities across various states in the future.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, download the service details here.
HEC Infra Projects Ltd (founded in 2005) is an electrical and electro-mechanical EPC contractor for governments and private entities. They design, supply, install and commission a wide range of electrical projects, from power lines and substations to solar and water pumping systems. The company reported positive numbers in its Quarterly Results (Q4FY25) and annual results (FY25). The promoters own a 74.93 per cent stake, DIIs own a 5.48 per cent stake and the rest 19.59 per cent stake is owned by the public.
On Wednesday, shares of HEC Infra Projects Ltd plunged 2 per cent to Rs 172.28 per share from their previous closing of Rs 175.80 per share. The company has a market cap of Rs 187 crore and has delivered good profit growth of 76.5 per cent CAGR over the last 5 years. The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 82.01 per share.
Disclaimer: The article is for informational purposes only and not investment advice.