HG Infra gets LOI for two UP substations from REC PDCL

Govt Defence OrderBusiness Updates View source PDF Explain this filing

HGINFRA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹508.90

prior close

₹520.05

announcement price

After-mkt

timing

Nifty Microcap 250market-0.6%+1.6% vs market

Civil Construction peers, median of 96sector-0.8%+1.8% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+7.2

10m

+7.2

15m

+6.7

30m

+4.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0-0.6+1.6-0.8+1.8

Next day

+1.4-0.1+1.5-0.7+2.1

+0.8+0.2+0.6-0.5+1.3

-0.7+0.4-1.1-0.8+0.1

-1.2+0.0-1.2-1.2+0.0

-1.2+0.6-1.8-0.3-0.9

-2.2+0.7-2.9-1.6-0.6

15d

-5.8+1.5-7.3-3.4-2.4

-13.2+0.2-13.4-4.4-8.8

-21.0-3.7-17.3-8.8-12.2

—————

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 96Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

H.G. Infra Engineering received a Letter of Intent from REC Power Development and Consultancy Limited, a wholly owned subsidiary of government PSU REC Limited, for construction of 220/132/33 kV substations at Ranipur (Mau) and Chunar (Mirzapur) in Uttar Pradesh, along with associated transmission lines. The project was secured through tariff-based competitive bidding. Order value details were disclosed in the company's earlier May 26, 2026 announcement.

Likely market impact

New power T&D order from a government PSU adds to order book and supports revenue visibility; positive signal.