HG Infra | Business Upturn

HG Infra shares surge over 15% after Rs 519 crore order win

Aman Shukla — Wed, 15 Apr 2026 04:18:44 +0000

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.

HG Infra shares surge over 8% after securing Rs 401 crore railway infrastructure contract

Aman Shukla — Wed, 11 Mar 2026 03:49:01 +0000

Shares of HG Infra Engineering rose more than 8% on Wednesday after the company announced that it had secured a major infrastructure order valued at ₹401.33 crore. The contract has been awarded by Anuppur Thermal Energy (MP) Private Limited for railway infrastructure development linked to a large thermal power project in Madhya Pradesh.

The order involves execution of multiple civil works required for railway connectivity to the upcoming 2×800 MW thermal power project located in Anuppur. The scope of work includes earthwork, construction of bridges, station buildings and permanent way (P-way) works, which are essential for enabling rail-based logistics for the power facility.

The contract will be executed on an item rate or bill of quantities (BOQ) basis. According to the company, the project is expected to be completed within a period of 18 months from the commencement of work.

The order highlights the continued presence of HG Infra Engineering in large infrastructure development projects, particularly those connected to the power and railway sectors. Railway connectivity is a critical component for thermal power plants, as it ensures the efficient transportation of coal and other essential materials required for power generation.

In its regulatory disclosure, the company clarified that the contract is a domestic order and does not involve any promoter or group company interests in the entity awarding the project. It also confirmed that the transaction does not fall under related party transactions.

HG Infra jumps 5% after bagging Rs 1,415 crore MMRCL metro project

Aman Shukla — Mon, 24 Nov 2025 03:58:19 +0000

HG Infra Engineering’s stock was buzzing in early Monday trade, climbing over 5% after the company announced a major win that grabbed investor attention. The infrastructure player has emerged as the L-1 bidder for a ₹1,415 crore metro project awarded by the Maharashtra Metro Rail Corporation Limited (MMRCL).

In its exchange filing, HG Infra said it secured the project in joint venture with Kalpataru Projects International Ltd. Under the partnership, Kalpataru will take up 60% of the work while HG Infra will handle the remaining 40%.

The contract is part of the ambitious Thane Integral Ring Metro Project, involving the design and construction of a 20.5 km elevated metro viaduct from the UG Ramp to Balkum Naka. It also includes the depot approach viaduct and three special spans. The project will follow the EPC (Engineering, Procurement & Construction) route.

While MMRCL had pegged the project cost at around ₹1,424 crore, the winning JV quoted ₹1,415 crore. The entire work is scheduled to be completed in 36 months.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

HG Infra shares surge 3% after securing 300 MW battery storage project

Aman Shukla — Tue, 22 Apr 2025 03:52:43 +0000

H.G. Infra Engineering Ltd (HGINFRA) shares rose 3% in early trading today after the company was declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd (GUVNL) for a significant Battery Energy Storage System (BESS) project. As of 9:21 AM, the shares were trading 3.21% higher at Rs 1,175.30.

As part of GUVNL’s Phase-VI Tariff-Based Global Competitive Bidding initiative, HGINFRA will develop 300 MW/600 MWh of standalone BESS capacity. This is a substantial portion of GUVNL’s larger 500 MW/1000 MWh storage tender aimed at bolstering Gujarat’s renewable energy infrastructure.

This contract award marks HGINFRA’s continued expansion into the renewable and energy storage sector, reinforcing its commitment to clean energy solutions. The project is fully domestic and aligns with India’s national agenda to increase energy storage capacity, ensuring grid stability and efficient energy management.

Set for completion within 24 months, the project is expected to significantly improve Gujarat’s power grid reliability, supporting the integration of intermittent renewable sources like solar and wind energy.

HG Infra shares surge 3% as EBITDA jumps 25.7% YoY in Q3

Aman Shukla — Thu, 06 Feb 2025 03:53:10 +0000

HG Infra Engineering Ltd saw a 3% rise in its stock price after announcing its Q3 results, highlighting strong profitability and margin expansion despite a revenue decline. As of 9:21 AM, the shares were trading 2.84% higher at Rs 1,283.35.

The company reported a 12.8% year-on-year (YoY) growth in net profit, reaching ₹115 crore for the December quarter, up from ₹102 crore in the same period last year. EBITDA also surged 25.7% YoY to ₹286.9 crore, compared to ₹228.3 crore in Q3FY23, reflecting robust operational efficiency. Notably, EBITDA margins expanded significantly to 22.7%, a sharp increase from 16.7% in the prior year.

However, revenue declined 7.3% YoY, coming in at ₹1,264.8 crore compared to ₹1,364.5 crore in Q3FY23. Despite this drop, the company’s ability to enhance profitability and improve margins showcases its strong financial management.

HG Infra’s stock opened at ₹1,252.35, reaching a high of ₹1,295.75 and a low of ₹1,252.00. The stock’s 52-week range stands between ₹855.05 and ₹1,879.90.

Top Stocks In Focus Today: HG Infra, Awfis Space Solutions, Senco Gold, Indian Overseas Bank, BEML, and more

Markets Desk — Wed, 11 Dec 2024 02:15:05 +0000

The Indian stock market wrapped up Tuesday’s trading session with a flat performance. The Sensex ended marginally higher by 1.59 points at 81,510.05, while the Nifty slipped 8.95 points to close at 24,610.05. Among Nifty constituents, 23 stocks advanced while 27 declined. Shriram Finance, Bajaj Finserv, HCL Technologies, Wipro, and Infosys were the top gainers, while Bharti Airtel, Dr. Reddy’s Laboratories, Adani Ports, Adani Enterprises, and HDFC Life were the top losers.

Stocks in News Today:

Tata Consumer/CCL Products: Global coffee prices have surged to a 47-year high, rising 83% year-on-year due to a supply shortage from Brazil.

Indian Overseas Bank: The bank received an order for a refund of ₹1,359.29 crores from the Income Tax Department for the assessment year 2015-16.

NTPC Green Energy: The company secured an order from SECI to set up an energy storage system with a capacity of 250 MW/1000 MWh.

Dr. Morepen: The company has ventured into the wellness segment with a weight management initiative.

L&T Mindtree: The company announced a strategic partnership with GitHub to advance AI-driven software engineering.

HG Infra Engineering: The company received a Letter of Award (LOA) from the Ministry of Road Transport and Highways for a project worth ₹8.99 billion.

Cement Stocks: Cement companies across India are reportedly planning price hikes.

Saakshi Medtech: The company bagged an order worth ₹250 crores from Mahindra & Mahindra for the supply of EV panels.

Asian Granito: The company formed a joint venture, Klyn AGL Ltd., in the UK with Shudh Investments Ltd. and Klyn Stone Ltd.

Asian Paints: LIC increased its stake in the company from 5.001% to 7.010%, purchasing shares at an average price of ₹2,891.25 apiece.

Biocon/Syngene: Biocon sold 8 million equity shares of Syngene International through a block deal.

Senco Gold: The company opened a ₹500 crore QIP with a floor price of ₹1,139.49 per share.

Awfis: Bisque, Link Investment Trust, and Peak XV Partners Investment are set to sell a 12.2% stake in Awfis Space Solutions via block deals.

Ashiana Housing: The company disclosed that a search was conducted by the Directorate General of GST Intelligence.

Adani Ports: The company has withdrawn its request for financing the Colombo West International Terminal project from the U.S. Development Finance Corporation (DFC).

Stay tuned for market movements as these stocks remain in focus today.

HG Infra announces Jharkand project worth Rs 610 crore

Markets Desk — Tue, 24 Sep 2024 11:52:43 +0000

HG Infra Engineering Limited has announced the receipt of the appointed date from the National Highways Authority of India (NHAI) for a significant infrastructure project in Jharkhand. The notification, dated September 16, 2024, pertains to the construction of a four-lane elevated corridor on the Kalimandir-Dimna Chowk-Baliguma (Jamshedpur) section of NH-33 (New NH-18).

The project, with a bid project cost of INR 610.11 crore, spans from km 241.940 to km 251.961, covering a total length of 10.021 km under the National Highways (O) on an Engineering, Procurement, and Construction (EPC) mode. The construction period for this project is set at 30 months, with the appointed date being September 14, 2024.

This development marks a significant milestone for HG Infra Engineering Limited, further solidifying its position in the infrastructure sector and contributing to the connectivity and development of Jharkhand.

HG Infra shares surge 2% on solar business project win worth Rs 534 Cr

Aditya Bhagchandani — Tue, 26 Mar 2024 07:17:40 +0000

HG Infra Engineering Ltd witnessed a 2% surge in its shares after the company announced that it had received a Letter of Award for a Rs 534 crore solar business project, marking a significant stride in the realm of solar power integrated with farming.

H.G. Infra Engineering Limited, in consortium with Stockwell Solar Services Private Limited, clinched the Letter of Award from Jodhpur Vidyut Vitran Nigam Limited for a noteworthy solar project.

The project comprises development, survey, supply, installation, test beginning, commissioning (including a twentyfive year operation management agreement for contracted solar energy power through REC Services Company in Ltd.; compliance with all countries’ standards for electricity generation by any means except hydropower and likely to be even more than one REACHES market spot). Besides, it also inherits relevant infrastructure including an entire Remote Monitoring System (RMS).

The construction / development cost of this tentative initiative is estimated to be a fee of INR 534 Crore, including GST.

As of 12:40 pm, shares of HG Infra Engineering Ltd were trading 2.11% higher at ₹917.65 on the NSE.

HG Infra share price surge 3% after JV secures Rs 1,026 crore solar projects

Aditya Bhagchandani — Tue, 19 Mar 2024 04:32:26 +0000

HG Infra Share Price: In the ‘morning trade’ on March 19, HG Infrashare reported a 3 percent increase in its share as the company’s joint venture successfully completed four solar business projects worth Rs 1,026 crore.

According to a corporate filing submitted to the BSE, Jodhpur Vidyut Vitran Nigam Limited has awarded a contract for four business projects to the JV consortium comprised of HG Infra Engineering Limited and Stockwell Solar Services Private Limited.

As of 9:58 am the shares were trading 2.46% higher at ₹915.75.

The company reported the following to the exchange in a filing:

“Pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that letters of award have been issued by Jodhpur Vidyut Vitran Nigam Limited to Stockwell Solar Services Private Limited JV Consortium with H.G. Infra Engineering Limited (the “Company” or “HGINFRA”) for four projects of Solar Business. The details of aforesaid projects as required under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123, dated July 13, 2023, are enclosed as Annexure A.”

The company further added, “In accordance with provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company’s Code of Prohibition of Insider Trading, the Trading Window for dealing in the securities of the Company is closed for all designated persons and their immediate relatives till March 20, 2024.”

H.G. Infra Engineering bags solar projects from Jodhpur Vidyut Vitran Nigam

Aditya Bhagchandani — Mon, 18 Mar 2024 12:51:13 +0000

H.G. Infra Engineering Limited’s has bagged projects for its solar business as Jodhpur Vidyut Vitran Nigam Limited has provided tender for four solar ventures to a Stockwell Solar Services Private Limited JV’s with HGINFRA. The company reported the following to the exchange in a filing:

As of March 18 the shares of H.G. Infra Engineering closed at ₹895.25, 0.60% higher than previous close on NSE.

Jodhpur Vidyut Vitran Nigam Limited ‘s provision of four solar ventures to the Stockwell Solar Services Private Limited JV’s with HGINFRA is a crucial milestone that strongly favours the HGINFRA and its consortium partner.

Stocks To Watch Today: HAL, Reliance Ind, Hero Motocorp, Nazara Tech, HG Infra

Markets Desk — Thu, 23 Mar 2023 01:24:48 +0000

The SGX Nifty signals a weaker start for the Indian benchmark indices Sensex and Nifty today. Cues from US markets remain weak too after the Fed’s announcement to hike rates by 25 bps. The Nifty today will likely see resistance at 17,250, and on the downside, the Nifty’s immediate support stands at 16,900, according to analysts.

Top stocks to watch today include HAL, Reliance Industries, Hero Motocorp, Nazara Technologies, HG Infra, besides others.

Hindustan Aeronautics Ltd (HAL): Shares of HAL will be in focus today after the Government of India decided to offload 1.75% stake in the company via an Offer For Sale (OFS). They further have an option to sell additional 1.75% stake in the offer too. The floor price for the OFS is set at Rs 2,450, a 6.7% discount to Wednesday’s closing price. The govt currently holds a 75.15% stake in the company.

Reliance Industries: Reliance Industries share price today will be in focus after the company on Wednesday evening announced their foray into the FMCG space by launching distinct brands for products across bath, hygiene, laundry, home care and other categories.

Hero Motocorp: Hero MotoCorp share price will be in focus today as the company announces a hike in Ex-showroom prices for select motorcycles & scooters with effect from April 1, 2023. The announcement is expected to bring in a price revision of around 2%.

Nazara Technologies: Nazara Technologies shares will be in focus after the company’s subsidiary Sportskeeda acquired a 73.27% stake in Pro Football Network LLC, at a vlue of $1.8 Million. PFN is a premier source of coverage and analysis of the NFL (United States’ most watched sport) and college football.

HG Infra: HG Infra will be in major focus today as the company is being declared as the L-1 bidder by NHAI (National Highways Authority of India) for an important project in Jharkand. The cost of the project is around Rs 765 crore and is to be completed in 730 days.