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.
Catch all the market action on our live blog
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.