Rs 15,080 Crore Order Book: Construction Company Emerges as L1 Bidder for Order Worth Rs 2,195.68 Crore from Rail Land Development Authority
The stock is up by 53.33 per cent from its 52-week low of Rs 854.8 per share and gave multibagger returns of 390 per cent in 5 years.
H.G. Infra Engineering Limited (HGINFRA), in a joint venture with D.E.C. Infrastructure and Projects (India) Private Limited, has been declared the L-1 bidder by the Rail Land Development Authority (RLDA) for the redevelopment of New Delhi Railway Station and associated infrastructure. HGINFRA holds a 49 per cent share in the JV, while D.E.C. holds 51 per cent. The project, awarded by RLDA, is valued at an estimated bid cost of Rs 2,195.68 crore and will be executed in EPC mode over a period of 45 months. This domestic order involves engineering, procurement, and construction, with HGINFRA's share of the consideration being part of the total project cost.
About the Company
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 9,700 crore and reported positive numbers in its Quarterly Results & annual results.
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Order Book: The company’s order book stands at Rs 15,080 crore as of December 31, 2024. The orders are bagged from various clients across India, including National Highways Authority of India (NHAI), Adani, Delhi Metro Rail Corporation (DMRC), Ministry of Road Transport & Highways, Government of India (MoRTH), Maharashtra State Road Development Corporation (MSRDC), Central Railway (CR), South Central Railway (SCR), Rail Vikas Nigam Ltd (RVNL), Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) and North Central Railway (NCR).
As of December 2024, Abakkus Emerging Opportunities Fund – 1 (owned by a renowned ace investor, Sunil Singhania) owns a 1.33 per cent stake in the company. The stock has an ROE of 24 per cent and an ROCE of 24 per cent. The stock is up by 53.33 per cent from its 52-week low of Rs 854.8 per share and gave multibagger returns of 390 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.