H.G. Infra Engineering Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HGINFRA · price
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Awaiting price reaction for this filing.
H.G. Infra Engineering has been declared the lowest bidder by Military Engineer Services (MES) for building an Integrated Material Handling Facility at the Naval Dockyard in Mumbai. The contract is worth Rs. 117.77 Crore and is to be executed over 30 months on an item-rate basis. The order is domestic and has no related-party involvement. MES is a defence government body, making this a defence-sector infrastructure win for the company.
This is a small-to-moderate order addition to the company's order book from a credible government defence client, likely to be viewed positively by investors. The 30-month execution period provides multi-year revenue visibility, though the size may not materially move the needle on overall financials.