Rs 15,080 Crore Order Book: Construction Company Invests Over Rs 3.36 Crore In 3 Subsidiaries Via Rights Issue; Share Allotment Expected By April 21, 2025
The stock is up by 21.8 per cent from its 52-week low of Rs 921 per share and gave multibagger returns of 512 per cent in 5 years.
H.G. Infra Engineering Limited has announced the acquisition of equity shares in several subsidiary companies through a rights issue. This information was formally disclosed to the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited on April 18, 2025.
The company has invested in three specific subsidiaries. First, it invested Rs. 1,40,14,000 in UVSE Project Three Private Limited. Second, H.G. Infra Engineering Limited invested Rs. 1,08,29,000 in UVSE Project Thirteen Private Limited. Finally, the company's investment in UVSE Project Fourteen Private Limited amounts to Rs. 88,20,000.
UVSE Project Three Private Limited has an authorised capital of Rs. 4,35,00,000 and a subscribed and paid-up share capital of Rs. 1,00,000. UVSE Project Thirteen Private Limited has an authorised capital of Rs. 4,30,00,000 and a subscribed and paid-up share capital of Rs. 1,00,000. UVSE Project Fourteen Private Limited has an authorised capital of Rs. 4,10,00,000 and a subscribed and paid-up share capital of Rs. 1,00,000.
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H.G. Infra Engineering Limited's investment involves the acquisition of 14,01,400 equity shares in UVSE Project Three Private Limited, 10,82,900 equity shares in UVSE Project Thirteen Private Limited, and 8,82,000 equity shares in UVSE Project Fourteen Private Limited. The allotment of these shares is expected to be completed on or before April 21, 2025.
H.G. Infra Engineering Limited (HGIEL) is an Indian road infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works. The company has a market cap of over Rs 9,700 crore and reported positive numbers in its Quarterly Results & annual results.
Order Book: The company’s order book stands at Rs 15,080 crore as of December 31, 2024. The orders are bagged from various clients across India, including National Highways Authority of India (NHAI), Adani, Delhi Metro Rail Corporation (DMRC), Ministry of Road Transport & Highways, Government of India (MoRTH), Maharashtra State Road Development Corporation (MSRDC), Central Railway (CR), South Central Railway (SCR), Rail Vikas Nigam Ltd (RVNL), Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) and North Central Railway (NCR).
As of December 2024, Abakkus Emerging Opportunities Fund 1 (owned by a renowned ace investor, Sunil Singhania) owns a 1.33 per cent stake in the company. The stock has an ROE of 24 per cent and an ROCE of 24 per cent. The stock is up by 21.8 per cent from its 52-week low of Rs 921 per share and gave multibagger returns of 512 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.