Rs 12,766.30 crore order book: This multibagger civil construction company receives completion certificates for projects worth Rs 537.62 crore!

The stock gave multibagger returns of 140 per cent in just 2 years.

HGIEL informed that the company has received the completion certificates issued by the Authority's Engineer for the following mentioned projects:

Project No-1: Rehabilitation and Up-gradation of Amravati-Nandgaon - Morshi - Warud - Pandhuma National Highway in the state of Maharashtra on an EPC basis contract. The project is worth Rs 243.11 crore.

Project No-2: Rehabilitation and Up-gradation of Amravati-Nandgaon - Morshi - Warud - Pandhuma National Highway in the state of Maharashtra on an EPC basis contract. The project is worth Rs 294.51 crore.

Order Book Update: As of March 31, 2023, the company order book stands at Rs 12,766.30 crore.

Additionally, the company has bagged 2 projects, one is for the Redevelopment of Kanpur Central Railway Station at Kanpur on EPC mode in the state of UP which is worth Rs 677.31 crore and another for a rate contract for Pond ash transportation from NTPC Ltd which is worth Rs 42.50 crore. Including the 2 orders, the company’s current order book stands at Rs 13,486.11 crore.

On Friday, shares of H.G. Infra Engineering Ltd plunged 1.27 per cent to Rs 856.75 per share with an intraday high of Rs 875.65 and a low of Rs 856.65. The stock has a low PE of 13x and high ROE of 31 per cent respectively.

H.G. Infra Engineering Limited (HGIEL) is an Indian road infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works.

The stock gave multibagger returns of 140 per cent in just 2 years. Investors should keep an eye on this Small-Cap stock.