H.G. Infra Engineering Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

The projects include the design, survey, supply, installation, testing, commissioning, operation and maintenance of the solar power plants for 25 years from the commercial operation date of grid connected solar power plant(s) through RESCO mode.

The first solar project would cost Rs 49 crore and have a total capacity of 11.56 megawatts (MW) (AC). The second project, with a total capacity of 25.10 MW (AC), is anticipated to cost Rs 107 crore.

The deadline for both the projects, awarded under the PM - Kisan Urja Suraksha Evem Utthan Mahabhiyan (KUSUM) scheme, is 12 months.

“The projects will be implemented by a separate entity(ies) incorporated/to be incorporated by Stockwell Solar Services and HG Infra Engineering directly or through its subsidiaries,” stated the firm

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 decreased 22.03% to Rs 102.05 crore despite of 15.15% increase in revenue from operations to Rs 1,364.53 crore in Q3 FY24 over Q3 FY23.

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H.G. Infra Engineering announced that two letters of award have been issued by Jodhpur Vidyut Vitran Nigam to Stockwell Solar Services consortium with the Company for the projects of solar power plants of combined capacity of 25.10 MW (AC). The value of the contract is Rs 107 crore.

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H.G. Infra Engineering announced that a letter of award has been issued by Jodhpur Vidyut Vitran Nigam to Stockwell Solar Services consortium with H.G. Infra Engineering for the project of Solar Business.

The order is for design, survey, supply, installation, testing, commissioning, operation & maintenance for 25 years (unless extended by both the parties on mutual agreement) from Commercial Operation Date (COD) of grid connected solar power plant(s) through RESCO mode, its associated 33KV line/ 11 KV line (as applicable) to connect the various plant(s) with corresponding 33/11 KV GSS and Remote Monitoring System (RMS) of solar power plant(s) for solarisation of agriculture consumers connected on 11 KV feeders of the GSS, under KUSUM Scheme – Component C (Feeder Level Solarisation) in JDVVNL against TN-DSM-52 [sub – divisions (Matora & Tiwari) of Mathania division under Jodhpur district circle.

Total Solar Plant Capacity 51.76 MW (AC).

The tentative development cost of the project is Rs 220 crore.

The project will be implemented by a separate entity(ies) (‘Project Company') incorporated/to be incorporated by Stockwell Solar Services and H.G. Infra Engineering directly or through its subsidiaries.

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In a regulatory filing, the company said that the letter of award has been issued by Jodhpur Vidyut Vitran Nigam to Stockwell Solar Services consortium with H.G. Infra Engineering for a project of solar business.

The project involves design, survey, supply, installation, testing, commissioning, operation and maintenance of the solar power plant for 25 years.

The solar project would cost Rs 534 crore and have a total capacity of 125.72 megawatt (AC).

The deadline for the project, awarded under the Kisan Urja Suraksha Evem Utthan Mahabhiyan (KUSUM) scheme, is 12 months.

“The project will be implemented by a separate entity(ies) incorporated/to be incorporated by Stockwell Solar Services and HG Infra Engineering directly or through its subsidiaries,” said the firm.

H.G Infra Engineering is engaged in the business of engineering, procurement and construction (EPC), maintenance of roads, bridges, flyovers and other infrastructure contract works.

The company reported 22.03% fall in consolidated net profit to Rs 102.05 crore despite of 15.15% rise in revenue from operations to Rs 1,364.53 crore in Q3 FY24 over Q3 FY23.

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