HEC INFRA PROJECTS LTD

Operates as a turnkey EPC contractor in electrical transmission and distribution infrastructure, headquartered in Ahmedabad with a 20-year operating history and 300+ projects delivered to over 50 clients. The core business involves design, engineering, supply, erection, testing and commissioning of EHV substations, switchyards, and transformer installations for clients such as Power Grid Corporation, BPCL, and central/state government entities. Water infrastructure and grid modernisation programmes (RDSS, PM-KUSUM, Green Hydrogen Mission, BESS) are stated as the two primary growth verticals. The unexecuted order book stood at INR220-230 cr against a total of INR326 cr, with seven new orders worth INR55.77 cr secured in Q1 FY26. The company incorporated Shivam Grid Solutions Private Limited as a 51%-owned subsidiary to provide electrical, mechanical and engineering support including technical manpower supply. Materials account for 74% of revenue, making project execution and supply chain management the dominant cost factor.