HG Infra Engineering Ltd

H.G. Infra Engineering announced that Rajib Dutta has been appointed as Senior Vice President - Transmission & Distribution and Renewables, categorized as Senior Management Personnel (SMP) of the Company, effective from 16 July 2025.Powered by Capital Market - Live

H.G. Infra Engineering announced that CARE Ratings has assigned the rating CARE AA; Stable to long term bank facilities of Rs 200 crore availed by the company. Powered by Capital Market - Live

The scope of the project involves redevelopment of New Delhi Railway Station and construction of associated infrastructure on engineering, procurement and construction (EPC) mode. RLDA's estimated project cost was Rs 2,469 crore while HG Infra's project bid cost was Rs 2,195.68 crore. H.G. Infra has 49% share and D.E.C. Infrastructure and Projects (India) has 51% share in the joint venture for the above project. H G Infra Engineering is primarily involved in the construction of roads and highways in Odisha, Telangana, Rajasthan, Delhi, Andhra Pradesh, Haryana, and Uttar Pradesh. HGIEL is accredited AA class by the Public Works Department (PWD) of the Government of Rajasthan (GoR) and is registered as an SS class contractor by the Military Engineer Services (MES). The company's consolidated net profit increased 12.9% to Rs 115.18 crore in Q3 FY25 as compared with Rs 102.05 crore in Q3 FY24. Revenue from operations declined 7.3% YoY to Rs 1,264.84 crore in the December 2024 quarter. Powered by Capital Market - Live

H.G. Infra Engineering has incorporated a wholly owned subsidiary company namely H.G. Gujarat Bess a Special Purpose Vehicle (SPV) on 05 February 2025. Powered by Capital Market - Live

Net profit of H.G. Infra Engineering rose 12.87% to Rs 115.18 crore in the quarter ended December 2024 as against Rs 102.05 crore during the previous quarter ended December 2023. Sales declined 7.31% to Rs 1264.84 crore in the quarter ended December 2024 as against Rs 1364.53 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1264.841364.53 -7 OPM %22.6816.73 - PBDT216.21174.83 24 PBT179.97138.11 30 NP115.18102.05 13 Powered by Capital Market - Live

The Board of H.G. Infra Engineering at its meeting held on 05 February 2025 has approved the appointment of Sunil Kumar Chaudhary (DIN: 00515672) as an additional director (Category:- Non-Executive Independent Director) with effect from 05 February 2025. Powered by Capital Market - Live

H.G Infra Engg. will hold a meeting of the Board of Directors of the Company on 5 February 2025.Powered by Capital Market - Live

H.G. Jetpur Solar Project, incorporated on 23 June 2024, is based in Rajasthan, India. Its primary objective is to carry out business in the field of solar power. According to the regulatory filing, the company has acquired 28,40,000 equity shares of Rs 10 each for a total amount of Rs 2.84 crore in H.G. Jetpur Solar Project, a subsidiary of the company, through the subscription of a rights issue. The investment aims to support the expansion of the subsidiary's business and facilitate the establishment of solar power plants. The acquisition, which was completed on 23 December 2024, falls under the category of related-party transactions as H.G. Jetpur Solar Project is a subsidiary of company. The company confirmed that, apart from the shares held in H.G. Jetpur Solar Project, the promoter/promoter group or group companies do not have any other interest in the transaction. Additionally, the company announced that its wholly owned subsidiary, H.G. Banaskantha BESS, entered into a Battery Energy Storage Purchase Agreement with NTPC Vidyut Vyapar Nigam on 23 December 2024, for the procurement of 185 MW/370 MWh on a long-term basis. H.G. Infra Engineering is primarily engaged in the business of engineering, procurement, and construction (EPC) relating to roads, bridges, flyovers, and infrastructure contract works and related activities. The company reported 16.01% decline in consolidated net profit to Rs 80.73 crore in Q2 FY25 as compared to Rs 96.12 crore posted in Q2 FY24. Revenue from operations declined 5.46% YoY to Rs 902.40 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

The scope of the project entails improvement and up-gradation in two lane with paved shoulders configuration of newly declared NH227B Bahuvan Madar Majha to Jagarnathpur '84 Kosi Parikrama Marg' in Uttar Pradesh on HAM Package VI. MORTH's estimated cost of the project is Rs 898.5 crore and the company's bid project cost is Rs 763.11 crore. The completion period is estimated to be 2 years. H.G. Infra Engineering is primarily engaged in the business of engineering, procurement, and construction (EPC) relating to roads, bridges, flyovers, and infrastructure contract works and related activities. The company reported 16.01% decline in consolidated net profit to Rs 80.73 crore in Q2 FY25 as compared to Rs 96.12 crore posted in Q2 FY24. Revenue from operations declined 5.46% YoY to Rs 902.40 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

H.G. Infra Engineering has been declared as a qualified bidder by the Gujarat Urja Vikas Nigam for 250 MW/500 MWH out of the project for setting up of 500 MW/1000 MWh Standalone Battery Energy Storage Systems in Gujarat under Tariff-Based Global Competitive Bidding (Phase-IV) with Viability Gap Funding Support.Powered by Capital Market - Live