HG Infra Engineering Received a Letter of Award From NTPC Vidyut Vyapar Nigam

H.G. Infra Engineering Limited (HGIEL) stands out as a prominent player in the infrastructure development sector, boasting over 21 years of experience in roads and highways. It was established by Shri Hodal Singh, a seasoned professional in the construction field with 45 years of experience. Under the guidance of Mr. Harendra Singh, our Chairman and Managing Director, the company has grown into a leader in the industry. Founded in 2003, HGIEL specializes in offering EPC services on a turnkey basis and operates under the Hybrid Annuity Model (HAM), excelling in civil construction and related infrastructure initiatives

H.G. Infra Engineering Ltd. awarded by NTPC

Shares of multi-bagger stock H.G. Infra Engineering Ltd increased by as much as 7% in morning trading today. The company announced that it has received a letter of award from NTPC Vidyut Vyapar Nigam Ltd. In a statement released after market hours on Friday, H.G. Infra Engineering confirmed that the award pertains to a project from NTPC Vidyut Vyapar Nigam Limited. This project involves the establishment of 500 MW/1000 MWh standalone battery energy storage systems in India, which will benefit from viability gap funding support. The total value of the project mentioned is 185 MW/370 MWh, with a tariff rate set at Rs. 238,000 per MW per month. H.G. Infra Engineering is expected to complete the project within 1.5 years.

In October 2024, H.G. Insurance also secured another similar order from NTPC Vidyut Vyapar Nigam Ltd. While the influx of orders remains strong, the company’s performance in the September 2024 quarter showed a slight decline, with a consolidated net profit of Rs. 80.7 crore, down from Rs. 96 crore in the same quarter of 2023.

H.G Infra Engineering share price and stock performance

The current stock price of HG Infra Engineering Ltd. stands at Rs. 1,320.00 per share, reflecting a 3% increase at this moment. The share price of H.G. Infra Engineering reached a peak of Rs. 1,880 in July 2024, marking a 52-week high, although it has since experienced a notable decline alongside broader market corrections. Despite this, it has still provided substantial returns to investors over time. Over the past five years, the price of H.G. Infra Engineering shares has surged by more than 450%, resulting in multibagger returns for investors.

NTPC stock price is 2% up today

NTPC  stock is trading at Rs. 372.40 per share, which is 2% up in intraday today.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.