EPC Electrical Company Receives New Order Worth Rs 4,68,00,000 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 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.
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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 gained 5 per cent to Rs 167.05 from their previous closing of Rs 159.10 per share. The company has a market cap of Rs 177 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.