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

The project involves the procurement and setup of 500 MW/1000 MWh of standalone battery energy storage systems in India, with viability gap funding support. As part of the contract, the company will be responsible for handling 185 MW/370 MWh of the total capacity at a tariff rate of Rs 2,38,000 per MW per month. The project is scheduled for completion within 1.5 years. 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 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 project involves the procurement and setup of 500 MW/1000 MWh of standalone battery energy storage systems in India, with viability gap funding support. As part of the contract, the company will be responsible for handling 185 MW/370 MWh of the total capacity at a tariff rate of Rs 2,38,000 per MW per month. The project is scheduled for completion within 1.5 years. 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 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. Shares of H.G. Infra Engineering shed 0.28% to settle at Rs 1,276.15 on Friday, 22 November 2024. Powered by Capital Market - Live

H.G. Infra Engineering announced that Raja Dutta, President - Operations (Senior Management Personnel), has tendered his resignation due to personal health reasons effective from the close of business hours from 13 November 2024.Powered by Capital Market - Live

Revenue from operations declined 5.46% YoY to Rs 902.40 crore in the quarter ended 30 September 2024. Profit before tax shed 3.02% to Rs 125.23 crore in Q2 FY25 as against Rs 129.13 crore recorded in Q2 FY24. The company's total expenses slipped 5.71% YoY to Rs 781.19 crore in Q2 FY25. Employee benefits expense stood at Rs 75.55 crore (up 16.23% YoY) while Finance costs stood at Rs 62.42 crore (up 6.19% YoY) during the period under review. On half year basis, the company's consolidated net profit shed 1.29% YoY to Rs 243.30 crore in H1 FY25 as compared to Rs 246.50 crore recorded in H1 FY24. Revenue from operations rose 5.41% YoY to Rs 2,430.44 crore in H1 FY25. 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). Powered by Capital Market - Live

Net profit of H.G. Infra Engineering declined 16.00% to Rs 80.74 crore in the quarter ended September 2024 as against Rs 96.12 crore during the previous quarter ended September 2023. Sales declined 5.46% to Rs 902.41 crore in the quarter ended September 2024 as against Rs 954.53 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales902.41954.53 -5 OPM %24.3323.07 - PBDT161.12164.53 -2 PBT125.23129.13 -3 NP80.7496.12 -16 Powered by Capital Market - Live

H.G Infra Engg. will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

H.G. Infra Engineering has been declared as qualified bidder by the NTPC Vidyut Vyapar Nigam for 185 MW/370 MWh out of the project of tariff-based setting up of 500 MW/1000 MWh standalone battery energy storage systems in India with viability gap funding support as per the terms and conditions of the Request for Selection (RfS). Powered by Capital Market - Live

The project entails construction of new broad gauge line between Dhule Borvihir to Nardana section of Central Railway on engineering, procurement & construction (EPC mode). The bid project cost stood at Rs 716.11 crore and the project is expected to be completed within 30 months. 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 8.1% to Rs 162.57 crore on 13.1% rise in net sales to Rs 1,528.04 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

The contract involves up-gradation of existing 6 lane road of 10.630 km stretch of National Highway 47 (NH-47) from Narol to Sarkhej junctions in Gujarat on Hybrid annuity mode (HAM). The project is worth Rs 781.11 crore and it is expected to be completed within a 2.5 years construction period. In 20 August 2024, the company has been declared as L-l bidder by the ministry of road transport and highways for the above road upgrade project in Gujarat. 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 8.1% to Rs 162.57 crore in Q1 FY25 as compared with Rs 150.39 crore in Q1 FY24. Net sales jumped 13.1% YoY to Rs 1,528.04 crore in Q1 FY25Powered by Capital Market - Live