EPC Electrical Company Bags New Order worth Rs 15,68,00,000 from Brixo Industries
The stock is up over 30 per cent from its 52-week low of Rs 79.10 per share.
HEC Infra Projects Limited has secured a significant work order valued at Rs 15.68 crore from Brixo Industries for EPC electrical work, specifically plant electrification and 66 KY shifting work. This domestic project, expected to be executed within 12 months, represents a crucial step for HEC Infra Projects, aligning with their strategic vision to capitalize on the substantial opportunities within the infrastructure sector and elevate the company's growth trajectory through future bids for similar projects with both private and government entities across various states.
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HEC Infra Projects Ltd (founded in 2005) is an electrical and electro-mechanical EPC contractor for governments and private entities. They design, supply, install, and commission a wide range of electrical projects, from power lines and substations to solar and water pumping systems. The company reported positive numbers in its Quarterly Results (Q3FY25) and annual results (FY24). The promoters own a 74.93 per cent stake, DIIs own a 5.48 per cent stake and the rest 19.59 per cent stake is owned by the public.
On Wednesday, shares of HEC Infra Projects Ltd gained 10 per cent to Rs 104 from their previous closing of Rs 94.57. The company has a market cap of Rs 104 crore and debtor days have improved from 181 to 74.4 days. The stock is up over 30 per cent from its 52-week low of Rs 79.10 per share and investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.