H.G. Infra Engineering Limited has informed the Exchange regarding 'H.G. Infra Engineering Limited has received an Order from Anuppur Thermal Energy (MP) Private Limited '.
HGINFRA · price
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Awaiting price reaction for this filing.
H.G. Infra Engineering Limited (HGINFRA) has received a new domestic order valued at Rs. 401.33 crore (including GST) from Anuppur Thermal Energy (MP) Private Limited. The scope involves civil works (earthwork, bridges, station buildings) and P-way works for developing railway infrastructure linked to a 2x800 MW thermal power project in Anuppur, Madhya Pradesh. The contract will be executed on an Item Rate/BOQ basis over an 18-month construction period. The order is from a domestic private entity and is not a related party transaction. This adds to HGINFRA's existing order book in the railway infrastructure segment.
Positive for the company as it strengthens the order book and provides revenue visibility over the next 18 months. The order diversifies HGINFRA's thermal power-linked railway infrastructure portfolio, which may support steady execution and earnings growth, though the stock reaction depends on order size relative to overall revenue.