EPC Electrical Company Bags New Order worth Rs 9.62 Crore from Blue Pine Energy Private Limited
The stock has given 12.10 per cent returns in the last year, and since it's all-time low in July 2022, the stock price has given 397 per cent returns
HEC Infra Projects Limited has announced that it has received a work order worth Rs 9.62 crores from Blue Pine Energy Private Limited. This information was disclosed in a communication to the National Stock Exchange of India Limited on April 14, 2025. The work order pertains to Engineering, Procurement, and Construction (EPC) supply, installation, testing, and commissioning of a 66 kV double-circuit T/Line on a double-circuit tower, along with a 12 km U/G cable.
The company views this order as significant, anticipating that it will elevate the company to the next level, and they are planning to bid on similar projects in the future with both private and government departments in other states. HEC Infra Projects Limited has confirmed that none of its promoters or promoter group has any interest in Blue Pine Energy Private Limited, and that this order does not constitute a related party transaction. The execution period for the order is 3 months.
DSIJ’s ‘Flash News Investment' weekly Newsletter recommends profit-making ideas for you based on fundamental and technical analysis. If this interests you, download the service details here.
HEC Infra Projects Ltd engages in engineering, procurement, and construction services. It focuses on electro-mechanical and instrumentation projects. Its services include transmission, water management systems, solar, lighting, and automation. The company was founded on October 6, 2005 and is headquartered in Ahmedabad, India.
The stock has given 12.10 per cent returns in the last year, and since it's all-time low in July 2022, the stock price has given 397 per cent returns
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.
The company has a market cap of Rs 102 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.