EPC Electrical Company Receives New Order Worth Rs 13,78,00,000 from Engineering Projects (India) Limited
The stock is up over 30 per cent from its 52-week low of Rs 79.10 per share.
HEC Infra Projects Limited has been awarded a domestic work order valued at Rs 13.78 crore from Engineering Projects (India) Limited. This EPC project entails the designing, engineering, supply, erection, testing, and commissioning of a transformer bay extension for an existing 220 KV Switchyard, along with associated works, and is expected to be completed within a period of 12 months.
Earlier, the company had secured a significant work order valued at Rs 15.68 crore from Brixo Industries for EPC electrical work, specifically plant electrification and 66 KY shifting work. This domestic project, expected to be executed within 12 months, represents a crucial step for HEC Infra Projects, aligning with their strategic vision to capitalise on the substantial opportunities within the infrastructure sector and elevate the company's growth trajectory through future bids for similar projects with both private and government entities across various states.
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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 (Q3FY25) and annual results (FY24). 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 Friday, shares of HEC Infra Projects Ltd plunged 3 per cent to Rs 105.90 from their previous closing of Rs 109.11 per share. The company has a market cap of Rs 115 crore and debtor days have improved from 181 to 74.4 days. The stock is up over 30 per cent from its 52-week low of Rs 79.10 per share.
Disclaimer: The article is for informational purposes only and not investment advice.