HEC Infra Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HECPROJECT · price
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Awaiting price reaction for this filing.
HEC Infra Projects has bagged a Rs. 100 crore turnkey work order from Dakshin Gujarat Vij Co. Ltd. (DGVCL), a state-owned power distribution company, in joint venture with Advait Energy Transitions Ltd. The scope involves supply, installation, testing and commissioning of 11 KV medium voltage covered conductors and additional poles in DGVCL's jurisdiction under the government's Kishan Suryodaya Yojna (KSY) scheme. The project is to be executed over 18 months. The company stated this is a domestic order with no related party interest. Management indicated plans to bid for similar projects with private and government entities in other states going forward.
This is a sizeable government-backed order that strengthens the company's order book and provides revenue visibility over the next 18 months. For a small-cap company like HEC Infra, a Rs. 100 crore contract is materially significant and could positively influence investor sentiment, though execution and JV revenue sharing will determine the actual benefit to shareholders.