Introduction:
Infra stock has secured a Letter of Award from NTPC Vidyut Vyapar Nigam Limited for a 185 MW/370 MWh battery energy storage project. The contract, valued at ₹238,000 per MW per month, has a 1.5-year completion timeline, enhancing India’s energy storage capacity.
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Share price movement of H.G. Infra Engineering Limited:
On November 25, 2024, H.G. Infra Engineering Ltd. opened at ₹1,337.05, a 4.79% increase from its previous close of ₹1,276.15. The stock reached an intraday high of ₹1,363.70, up 6.85%, and an intraday low of ₹1,331.30, rising 4.32%.
By 11:34 AM, it was trading at ₹1,339.70, reflecting a 4.98% increase. The market capitalization for the day stood at ₹8,730.97 crore.
H.G. Infra wins NTPC project:
H.G. Infra Engineering Limited (HGINFRA) announced receiving a Letter of Award (LoA) from NTPC Vidyut Vyapar Nigam Limited for a 185 MW/370 MWh battery energy storage project. The contract is part of a global competitive bidding process under viability gap funding support.
The project, valued at ₹238,000 per MW per month, has a completion period of 1.5 years. The award pertains to the setup of standalone battery energy storage systems across India, aimed at enhancing energy storage capacity in the country’s grid.
H.G. Infra announced compliance with SEBI regulations, stating its trading window remains closed until November 24, 2024, for designated persons and their relatives, ensuring adherence to insider trading rules and transparency.
Recent news on H.G. Infra Engineering Limited:
As of November 11, 2024, H.G. Infra Engineering Limited reported a 16% YoY decline in net profit to ₹80.7 crore for Q2 FY24. The company’s revenue from operations fell 5.5% YoY to ₹902.4 crore, with an improved EBITDA margin of 24.3%.
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Stock performance of H.G. Infra Engineering Limited for Period of 1 week, 6 months and 1 year:
H.G. Infra Engineering Limited has gained 6.40% in the past week, but the stock saw a 13.2% decline over the last 6 months. However, it delivered an impressive 48% return over the past year, showcasing strong long-term growth potential.
Shareholding pattern of H.G. Infra Engineering Limited:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 71.80% | 74.50% | 74.50% |
| FII | 2.60% | 2.00% | 1.70% |
| DII | 12.70% | 12.10% | 12.50% |
| Public | 12.90% | 11.30% | 11.30% |
About the company H.G. Infra Engineering Limited:
H.G. Infra Engineering Limited (NSE: HGIEL) is a leading Indian road infrastructure company specializing in Engineering, Procurement, and Construction (EPC) services. Focused on road construction and Hybrid Annuity Model (HAM) projects, it also undertakes large-scale infrastructure contracts independently.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
