Rs 15,281.20 crore order book: Infra company emerges as lowest bidder (L1) for order of Rs 117.77 crore from Military Engineer Services
The stock is up by 16 per cent from its 52-week low of Rs 921 per share and has given multibagger returns of over 460 per cent in 5 years.
H.G. Infra Engineering Limited (HGINFRA) has been announced as the lowest bidder for a new project from the Military Engineer Services (MES). This domestic order, valued at Rs 117.77 crore, is for the "Creation of Integrated Material Handling Facility" at the Naval Dockyard in Mumbai, Maharashtra. HGINFRA is expected to complete this item rate contract within 30 months.
About the Company
H.G. Infra Engineering Ltd (HGIEL) is a prominent Indian road infrastructure company offering Engineering, Procurement, and Construction (EPC) services, as well as maintenance for roads, bridges, and other infrastructure. Specialising in road construction with a focus on Hybrid Annuity Model (HAM) projects, HGIEL has successfully completed over 10 HAM projects and is currently executing 26 projects across 13 Indian states. The company has also diversified into railways, metro, solar power, and water projects. With accreditations as an AA-class contractor by the Rajasthan PWD and an SS-class contractor by the Military Engineer Services, HGIEL serves a diverse clientele including MoRTH, NHAI, Indian Railways, and private entities like Adani and Tata Projects.
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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 18 per cent and an ROCE of 17 per cent. The stock is up by 16 per cent from its 52-week low of Rs 921 per share and has given multibagger returns of over 460 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.