Upper circuit alert: Penny stock under Rs 50 bags order worth Rs 37.1 crore; report a 65 per cent jump in net profit!

Shares of the company gained more than 30 per cent in the last six months.

HEC Infra Projects Limited informed in the exchange filing that the company has received an order from Haryana Vidyut Prasaran Nigam Limited which is aggregated to Rs. 370100000 (Thirty-seven crore one lakhs) for the supply, erection, civil, testing, and commissioning of equipment for construction of 132 kV & 66 kV composite transmission line in Faridabad, Rohtak, and Sirsa area. The order is to be executed within a period of 15 months and 9 months respectively.

The company has a long track record in executing Electro-Mechanical projects for reputed clients across various industries such as Engineering and allied products, power transmission, Textiles, Steel & Non-ferrous metals, Petrochemicals, etc. The company's clientele includes GETCO, Gujarat Gas Ltd., HPCL, J Kumar Infra Projects Ltd, and the Airport Authority of India.

In the recent quarter (Q1FY24), the revenue of the company stood at Rs 13.26 crore which grew by 11.09 per cent YoY. The operating profit of the company stood at Rs 0.90 crore, while the PAT of the company stood at Rs 0.20 crore, representing an impressive growth of 65.83 per cent YoY.

HEC Infra Projects is an EPC contractor and provides services to multiple governments and private entities. The is a registered ‘Class A’ EPC contractor with the Roads and Building Department of the Government of Gujarat and a Class-1 registered contractor with the Central Public Works Department (CPWD). It has also been awarded a contractor license from GETCO.

Disclaimer: The article is for informational purposes only and not investment advice.