H.G. Infra Engineering Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HGINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
H.G. Infra Engineering has been declared the lowest bidder by PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation) to set up an Inter State Transmission System in Odisha under the Eastern Region Generation Scheme – I (ERGS-I). The project will be executed on a Build, Own, Operate & Transfer (BOOT) basis with an operation period of 35 years and a scheduled completion date of March 28, 2028. The company will earn a transmission tariff of Rs. 431.11 million per year, making the total contract value over Rs. 1,500 crore across its lifetime. The order is domestic and awarded through a tariff-based competitive bidding process. The trading window has been closed from June 11 to June 13, 2025 for designated persons.
This is a positive development as it adds a long-term revenue stream (35 years) and strengthens HGINFRA's order book in the power transmission segment, which is a new growth area beyond its core road EPC business. The PSU-backed counterparty reduces counterparty risk and signals credibility. Stock may see positive sentiment given the scale and long-tenure nature of the contract.