Under Rs 120: Microcap Infrastructure Company Successfully Commissions 60 MW Solar Plant for Tata Power Solar; Stock Hits Upper Circuit Today!

The company’s shares have delivered an impressive return of over 260 per cent to its shareholders.

Incorporated in 2005, HEC Infra Projects Ltd is engaged in electrification services. The company is an EPC contractor providing SITC services to multiple governments and private entities. It is a ‘Class A’ EPC contractor registered with the Roads and Buildings Department of the Government of Gujarat and a Class-1 registered contractor with the Central Public Works Department.

As per the latest update on July 27, 2024, HEC Infra Projects Ltd successfully completed the commissioning of a 60 MW solar plant substation and transmission project for MIS Tata Power Solar Limited. This 60 MW solar plant has been successfully commissioned and handed over to the nation. Looking ahead, the company sees significant opportunities in similar projects, which will help propel its growth to the next level. The company is planning to bid for comparable projects in the future, both with private and government departments.

HEC Infra Projects Ltd shares hit the upper circuit and closed at around Rs 111.80 per share. The company’s current market capitalization stands at Rs 113.34 crore. The stock has delivered a return of over 260 per cent in the past 1 year.

As per the Quarterly Results, in Q4 FY24, HEC Infra Projects Ltd recorded a revenue of Rs 28.18 crore. The operating profit for Q4 FY24 stood at Rs 1.78 crore. The net profit for Q4 FY24 was Rs 0.26 crore. Looking at the annual performance, the company generated a revenue of Rs 73.77 crore in FY24. The operating profit for FY24 was Rs 5.27 crore with a net profit of Rs 4.72 crore.

Investors must keep this micro-cap stock on their radar.

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