Rs 15,281.20 crore order book: Infra company emerges as lowest bidder (L1) for order from PFC Consulting Limited
The stock is up by 24 per cent from its 52-week low of Rs 921 per share and has given multibagger returns of over 500 per cent in 5 years.
H.G. Infra Engineering Limited (HGINFRA) has been declared the lowest bidder (L1) by PFC Consulting Limited, a wholly-owned subsidiary of Power Finance Corporation Limited, for a significant domestic contract. This project involves establishing an interstate transmission system for the "Eastern Region Generation Scheme – I (ERGS-I)" through a tariff-based competitive bidding process in Odisha. The nature of the order is Build, Own, Operate & Transfer (BOOT), with a scheduled completion date of March 28, 2028, and operations continuing for 35 years. The broad commercial consideration for this contract is Rs 431.11 million in annual transmission charges.
About the Company
H.G. Infra Engineering Limited is one of the major Indian companies that are into Engineering, Procurement, and Construction (EPC) services, with a main focus on road infrastructure. The company has expanded its portfolio to include railways, metro, solar power, and water projects, and has completed more than 10 HAM projects and has 26 ongoing projects in 13 Indian states. As a result of this, HGINFRA is a pre-qualified bidder for large EPC and HAM projects and has been accredited as an AA-class contractor by the Government of Rajasthan and an SS-class contractor by the Military Engineer Services.
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Order Book: The company’s order book stands at Rs 15,281.20 crore as of March 31, 2025. 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 March 2025, Abakkus Emerging Opportunities Fund – 1 (owned by a renowned ace investor, Sunil Singhania) owns a 1.36 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 24 per cent from its 52-week low of Rs 921 per share and has given multibagger returns of over 500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.