HEC Infra Projects Secures Rs 9.13 Crores Work Order from Power Grid Corporation Subsidiary
HEC Infra Projects Limited has secured a work order worth Rs 9.13 crores from M/S POWERGRID BIKANER IV TRANSMISSION LIMITED, a wholly owned subsidiary of Power Grid Corporation of India Limited. The contract relates to the augmentation of transformation capacity at 400/220 kV Bikaner-IV SIS by 2x500 MVA, 400/220kV ICT along with associated bays and implementation of three nos. of 220 kV line bays.This contract award provides a significant opportunity for HEC Infra Projects Limited as the company plans to pursue similar projects in the future across various states in partnership with government and private departments. The order has been confirmed not to be a related party transaction, with neither the promoters nor the promoter group having any interest in the entity from which the contract was received.
The successful acquisition of this project marks a step toward expanding the company's operational scale in the infrastructure sector.
HECPROJECT Stock Price Movement
HEC Infra Projects Limited gained on Friday, closing at ₹121.93 after the stock rallied by 3.03%. The equity traded a volume of 9,702 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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