HG Infra Engineering share price rose more than 2 percent in the early trade on June 12 after the company declared as lowest bidder for transmission service provider to establish inter state transmission system for eastern region generation scheme – I (ERGS-I) through tariff based competitive bidding process in the state of Odisha.
At 09:21 hrs HG Infra Engineering Ltd. was quoting at Rs 1,131.05, up Rs 28.40, or 2.58 percent.
PFC Consulting, a wholly owned subsidiary of Power Finance Corporation, awarded the contract to the company on build, own, operate & transfer (BOOT) basis.
The total consideration of the contract is Rs 431.11 million tariff per year, to be completed by March 28, 2028.
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In the month of May, the company received Letter of Intent (LOI) from Gujarat Urja Vikas Nigam for 300 MW/600 MWh out of the project of 500 MW/1000 MWh for setting up of Standalone Battery Energy Storage Systems in Gujarat under Tariff-Based Competitive Bidding (Phase-VI).
The company had reported 22.6 percent decline in its consolidated Q4FY25 profit at Rs 147 crore versus Rs 190 crore in the year ago period, while revenue falls 20.3% to Rs 1,360.9 crore Vs Rs 1,708.3 crore, YoY.
The share touched a 52-week high of Rs 1,880.00 and a 52-week low of Rs 921.05 on 16 July, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 39.84 percent below its 52-week high and 22.8 percent above its 52-week low.
The market capitalisation of the company stands at Rs 7,371.18 crore.
The share price declined more than 397 percent in the last one-year.
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