EPC Electrical Company Receives New Order Worth Rs 5,90,00,000 from Ahmedabad Municipal Corporation

The stock is up over 50 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 5.90 crore by the Ahmedabad Municipal Corporation. The project encompasses the supply, installation, testing, and commissioning of various types and numbers of street lighting pole systems, along with all associated comprehensive electrical and mechanical work and necessary equipment, across different locations in the Central Zone of the A.M.C. area. This contract is slated for execution within a 12-month period.

Earlier, the company had 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.

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 gained 2 per cent to Rs 119 from their previous closing of Rs 116.89 per share. The company has a market cap of Rs 129 crore and debtor days have improved from 181 to 74.4 days. The stock is up over 50 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.