HEC Infra Projects Secures ₹11.48 Crore Work Order from Power Grid Corp.
HEC Infra Projects Limited received a ₹11.48 crore work order from Power Grid Corporation of India Limited. The project involves supply, erection, testing, and commissioning for substation augmentation and is to be executed within 15 months.
The order value of ₹11.48 crore is significant for a project of this nature and contributes to the company's order book, indicating a medium-term positive impact.
The company has secured a new order, which is generally positive for business growth and revenue.
HEC Infra Projects Limited has announced the receipt of a significant work order worth ₹11.48 crores from Power Grid Corporation of India Limited.
This project entails supply, erection, testing, and commissioning works for the augmentation of transformation capacity at the 400/220 kv Neemrana (PG) Substation. The scope includes a 1*500 MVA, 400/220 kv ICT (3rd) along with associated bays.
The company views this order as a stepping stone to reach the next level, with plans to bid for similar projects from both private and government entities in other states. HEC Infra Projects Limited confirmed that its promoters and promoter group have no interest in Power Grid Corporation of India Limited, and the award does not constitute a related party transaction.
The project is expected to be executed within a period of 15 months.
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HEC Infra Projects Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by HEC Infra Projects Limited. Read the original for the full detail.