Shares of HG Infra Engineering rose 5% to ₹1,197 on April 22 after the company was named a qualified bidder by Gujarat Urja Vikas Nigam for a major battery storage project. The project involves setting up a Standalone Battery Energy Storage System (BESS) with a capacity of either 300 MW or 600 MWh, under Phase-VI of the Tariff-Based Global Competitive Bidding framework.
The stock has shown strong momentum recently, rising 12% over the past week, outpacing the 8% gain in the Nifty 50 index during the same period.
Headquartered in Jaipur, HG Infra Engineering is an infrastructure company engaged in the design, development, construction, and management of infrastructure projects. The firm provides comprehensive services across design, engineering, procurement, and construction, and has a proven track record in executing large-scale capital projects and maintaining infrastructure assets through strategic partnerships.
As of December 31, 2024, HG Infra held a strong order book of ₹15,080 crore, nearly three times its FY24 revenue. Government contracts make up 94% of the order book, while the remaining 6% comes from the private sector, providing solid revenue visibility over the next two to three years.
Analysts remain optimistic about the company’s Q4FY25 performance and forecast a compound annual growth rate (CAGR) of 15% in revenue, 12% in EBITDA, and 15% in profit after tax (PAT) between FY25 and FY27.
During Q4FY25, HG Infra also secured fresh orders worth ₹2,195 crore. The company expects non-road infrastructure projects to contribute 35–40% of its order book in the coming years. Looking ahead, it aims to secure new orders worth ₹10,000–12,000 crore in FY26.
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Source: Moneycontrol.
