Rs 11,674.60 crore order book: This civil construction company receives financial close for an order worth Rs 997.11 crore from National Highway Authority of India!
The stock is up by 73 per cent in 2 years and gave multibagger returns of over 400 per cent in 3 years.
HGIEL informed the exchanges (BSE: 541019; NSE: HGINFRA) that the company informed that H.G. Karnal-Ringroad Private Limited a wholly owned subsidiary of H.G. Infra Engineering Ltd is in receipt of the letter dated September 05, 2023 from National Highways Authority of India (NHAI) for noting of financial close w.e.f August 29, 2023, for below order:
Order Details: Construction of 6-Lane Greenfield Karnal Ring Road starting from NH-44 near Village Shamgarh and terminating at Karnal -Munak Road (MDR115) near Village Samalakha under Bharatmala Pariyojana in the state of Haryana on Hybrid Annuity Mode (HAM). The order was received from the National Highways Authority of India (NHAI) worth Rs 997.11 crore. The order execution is 730 days.
Order Book: The company’s order book stands at Rs 11,674.60 crore as of June 30, 2023. The orders are bagged from various clients across India, including NHAI, Adani, DMRC, RVNL and NCR.
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 a market cap of over Rs 6,300 crore and reported excellent numbers in its Quarterly Results & annual results.
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On Wednesday, shares of H.G. Infra Engineering Ltd surged 3.05 per cent to make a new 52-week high of Rs 1,016.75 per share with a spurt in volume by more than 2.56 times on BSE. The stock has a low PE of 12x and high ROE of 29.40 per cent.
The stock is up by 73 per cent in 2 years and gave multibagger returns of over 400 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.