Shares of HG Infra Engineering rallied more than 15% in early trade on Wednesday after the company announced a major order win worth ₹519.33 crore, boosting investor sentiment.
As of 9:45 AM (IST), the stock showed strong momentum, touching an intraday high of ₹638.45 compared to the previous close of ₹553.60. The stock opened at ₹610.00 and recorded a low of ₹600.25 during the session. Trading activity remained robust, with a live volume of 23,13,283 shares.
Strong Order Win Drives Rally
The contract has been awarded by Mirzapur Thermal Energy Limited for civil and permanent way (p-way) works in Uttar Pradesh. The project is linked to a 2×800 MW thermal power plant in Mirzapur, marking a significant addition to HG Infra’s order book.
Project Scope and Timeline
The scope of work includes comprehensive railway infrastructure development, covering:
- Civil works such as earthwork, bridges, and station buildings
- Execution of permanent way (p-way) works
The company is expected to complete the project within 18 months, highlighting its execution capabilities in large-scale infrastructure projects.
Stock Performance Snapshot
HG Infra Engineering’s stock has shown notable volatility over the past year:
- 52-week high: ₹1,275.00
- 52-week low: ₹429.50
The latest rally reflects renewed investor confidence driven by strong order inflows and growth visibility.