Stock in Focus: This small-cap construction company receives an order worth Rs 535.15 from RVNL!

The stock has a PE of 13.96x, an ROE of 25.01 per cent and generated multibagger returns of over 200 per cent in the last 2 years.

H.G. Infra Engineering Limited (HGIEL) informed the exchanges (BSE Script Code: 541019; NSE Script Code: HGINFRA) that it has received an order from Rail Vikas Nigam Ltd (RVNL).   

The project includes the construction of foundations, substructure & superstructure along with its river training/protection work, earthwork & allied works with Bhanupali-Bilaspur-Beri’s new railway line in District Bilaspur of Himachal Pradesh State, India. RVNL has estimated the project cost of Rs 535.15 crore whereas HGIEL has bid on the project for Rs 466.11 crore.   

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 company has also bagged multiple projects in the financial year 2022-2023.  

Rail Vikas Nigam Ltd (RVNL) is engaged in the business of implementing various types of railway infrastructure projects. The shares of RVNL have seen heavy buying in the past 5 days, up by 19 per cent because the company has bagged orders of more than 10,000 crore and has declared a healthy dividend.   

Today, shares of H.G. Infra Engineering Ltd (HGIEL) zoomed 0.36 per cent to Rs 795 per share. The stock has a PE of 13.96x, an ROE of 25.01 per cent and generated multibagger returns of over 200 per cent in the last 2 years. Shares of Rail Vikas Nigam Ltd plunged 0.24 per cent to Rs 75.21 per share.