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H.G. Infra Engineering shortlisted by Gujarat Urja Vikas Nigam for the upcoming project

Stocks
2 min Read Apr 22, 2025
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H.G. Infra Engineering's stock price rose after being named a qualified bidder by GUVNL for its 500 MW/1000 MWh Battery Energy Storage project, securing a 300 MW/600 MWh allocation.

H.G. Infra Engineering Limited advanced 2.26% to ₹1,165.50 per share after being declared a qualified bidder by Gujarat Urja Vikas Nigam Limited (GUVNL). The selection is part of GUVNL's ambitious 500 MW/1000 MWh Standalone Battery Energy Storage Systems (BESS) project under Phase VI of its Tariff-Based Global Competitive Bidding (TBCB) initiative.

Scope of allocation and execution timeline

The company has been allotted 300 MW/600 MWh capacity out of the total project. This large-scale infrastructure project is expected to be executed over a period of 24 months. The BESS initiative aims to enhance energy storage efficiency and support Gujarat's sustainable power ambitions.

H.G. Infra's expertise in infrastructure development

H.G. Infra Engineering excels in infrastructure, specialising in road and highway construction across Odisha, Telangana, Rajasthan, Delhi, Andhra Pradesh, Haryana, and Uttar Pradesh. The company holds an AA-class accreditation from the Public Works Department (PWD) of the Government of Rajasthan. It is registered as an SS-class contractor by the Military Engineer Services (MES).

Financial highlights - Q3 FY25

Here are the key financial highlights for Q3 of FY25:

  • The company reported a 12.9% year-over-year increase in consolidated net profit, reaching ₹115.18 crores in Q3 FY25, compared to ₹102.05 crores in Q3 FY24.

  • However, revenue from operations fell 7.3% year-on-year, amounting to ₹1,264.84 crores for the December 2024 quarter.

Regulatory disclosures and trading window update

As per the Securities and Exchange Board of India (SEBI), Listing Obligations and Disclosure Requirements (LODR) regulations, 2015, and Prohibition of Insider Trading (PIT) Code, H.G. Infra disclosed qualified bidder status. Designated persons and their immediate families can trade only after 48 hours from the release of the financial results for the previous quarter and year. As of April 22, 2025, at 11:20 AM, H.G. Infra was trading at ₹1,158.80 per share, up by 1.76%.