Announced Tue, 18 Aug · 17:18 IST
HG Infra gets LOI for two UP substations from REC PDCL
HGINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹508.90
prior close
₹520.05
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+7.2+7.2+6.7+4.7+1.4+0.8————————
Up moveDown movePending
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.