Rs 9,626 crore order book: This multibagger construction stock bags new order worth Rs 156 crore for solar power plants!

Shares of the company gained more than 30 per cent in the last one year.

H.G. Infra Engineering Limited has secured two contracts from Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) for solar power plants in Rajasthan. These contracts were awarded through a consortium with Stockwell Solar Services Private Limited.

The projects involve design, supply, installation, commissioning, and operation & maintenance of the solar power plants for 25 years. The plants will connect to the grid through 33KV or 11KV lines and include a Remote Monitoring System. These projects fall under the KUSUM Scheme – Component C (Feeder Level Solarisation) for Churu (11.56 MW capacity) and the PM-KUSUM Scheme – Component C for Bikaner (25.10 MW capacity).

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Both projects will be executed by a separate entity formed by the consortium partners (Stockwell and H.G. Infra) or their subsidiaries. H.G. Infra's role, along with Stockwell, will be to handle Engineering, Procurement, and Construction (EPC) and commissioning of the solar power plants. The estimated construction cost, including GST, is Rs 49 crore for the Churu project and Rs 107 crore for the Bikaner project. Both projects have a completion timeframe of 12 months, followed by a 25-year operation and maintenance period.

HG Infra is a 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 has delivered multibagger returns of over 250 per cent return in the last three years and the company has an order book of Rs 9,626 crore.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

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