Upper Circuit of HEC Infra Projects – 7.15 Crore order from TATA Power

In a significant development, HEC Infra Projects witnessed a robust uptrend of up to 5% in its shares during today's intraday trading session following the announcement of a major contract win. The leading Engineering, Procurement, and Construction (EPC) Contractor revealed securing a substantial order from Tata Power Solar Systems valued at Rs 7.15 crore.

As the news broke, HEC Infra Projects shares soared to an intraday high of Rs 57.5, marking an impressive 4.9% increase from the previous day's closing price on the National Stock Exchange (NSE). As of 03:05 pm, the stock sustained its upward momentum, trading 2.19% higher at Rs 56.

The company disclosed the latest achievement in an official exchange filing, outlining the details of the work order from Tata Power Solar Systems Ltd. The scope of the project encompasses the supply, erection, testing, and commissioning (SETC) of a comprehensive Engineering, Procurement, and Construction (EPC) solution. This solution specifically targets a 66kV Transmission Line in the Radhanpur region and comes with a total project cost of Rs 7.15 crore, facilitated on a turnkey basis.

HEC Infra Projects, a micro-cap EPC Contractor, brings to the table extensive expertise in executing turnkey projects across various domains. The company has a proven track record in delivering projects such as air-insulated substations up to 220 KV, switchyards up to 220 KV, overhead transmission lines up to 220 KV, underground cable laying up to 66 KV, and SCADA systems.

This latest achievement not only underscores HEC Infra Projects' prowess in the EPC sector but also signifies its ability to secure and deliver substantial projects from key industry players. The awarded contract from Tata Power Solar Systems further solidifies the company's position in the market.

Investors and industry enthusiasts are keenly observing HEC Infra Projects as it continues to make strides in the EPC landscape. The successful execution of the Radhanpur Transmission Line project is expected to enhance the company's reputation and contribute positively to its financial performance.

As the market reacts to this positive development, HEC Infra Projects remains a stock to watch, showcasing resilience and growth potential in the dynamic EPC sector.