Rs 15,281 Crore Order Book: Infra Company Receives LOI for 300 MW/600 MWh Battery Storage Project in Gujarat
Despite the recent uptick, the stock has declined by 26.17 per cent on a year-to-date basis. However, it has gained over 11 per cent in the past three months and has delivered multibagger returns of 613 per cent over a five-year period
H.G. Infra Engineering Limited’s stock witnessed a positive movement following the announcement of a significant Letter of Intent (LOI) win. The company secured a 300 MW/600 MWh battery energy storage project in Gujarat under the Tariff-Based Competitive Bidding (Phase-VI) by Gujarat Urja Vikas Nigam Ltd. This project is part of a larger 500 MW/1000 MWh initiative and is expected to be completed within 24 months. The development reinforces H.G. Infra’s diversification into the renewable energy segment, particularly in Battery Energy Storage Systems (BESS).
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On May 29, 2025, the share price of H.G. Infra Engineering rose by 2.18 per cent to touch an intraday high of Rs 1,134. As of 10:16 a.m., the stock was trading at Rs 1,120, marking a modest increase of 0.84 per cent. The company currently holds a market capitalisation of approximately Rs 7,300 crore. Despite the recent uptick, the stock has declined by 26.17 per cent on a year-to-date basis. However, it has gained over 11 per cent in the past three months and has delivered multibagger returns of 613 per cent over a five-year period, reflecting long-term investor interest in this Mid-Cap infrastructure firm.
H.G. Infra’s financial performance for the fourth quarter of FY25 reported a decline in both revenue and profit. Revenue from operations stood at Rs 1,360.89 crore, down 20.33 per cent compared to Rs 1,708.26 crore in the same quarter of the previous year. The profit after tax also saw a significant drop of 46.66 per cent, falling to Rs 134.32 crore from Rs 251.80 crore in March 2024. On an annual basis, revenue in FY25 stood at Rs 5,056.18 crore, representing a 5.99 per cent decline from FY24, while the full-year PAT fell by 8.17 per cent to Rs 662.80 crore.
Established over 21 years ago, H.G. Infra Engineering Limited is an Indian infrastructure development company specialising in the construction and maintenance of roads, bridges, and other infrastructure works. Operating across more than 15 states, the company engages in Engineering, Procurement, and Construction (EPC) projects and has extended its footprint into sectors like railways, metro projects, solar energy, and battery storage solutions.
Disclaimer: The article is for informational purposes only and not investment advice.