HEC Infra Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HECPROJECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HEC Infra Projects Limited has received a work order worth Rs. 36.50 crores from Siemens Financial Services Private Limited. The order is for an EPC contract to set up a 10.4 MW Solar Power Plant Generation system, to be executed over 6 months. The order has been awarded by a domestic entity and is not a related party transaction. The company indicated it plans to bid for similar projects with private and government departments in other states going forward.
This new order adds Rs. 36.50 crores to the company's order book and reinforces its presence in the solar EPC segment. The 6-month execution timeline means revenue recognition will be spread across the next two quarters, which could be modestly positive for the stock.