HG Infra Engineering Ltd. witnessed a 5% surge in its share price on April 22, 2025, climbing to â‚ą1,197 after the company was declared a qualified bidder for a significant battery energy storage project by Gujarat Urja Vikas Nigam Ltd. (GUVNL).
The project involves the installation of a Standalone Battery Energy Storage System (BESS) with a capacity of 300 MW/600 MWh under the Tariff-Based Global Competitive Bidding (Phase VI) framework, signaling HG Infra’s entry into the fast-growing clean energy infrastructure space.
Strong Market Performance and Analyst Confidence
This development comes amid a strong week for HG Infra's stock, which has rallied 12% over the last seven days, outperforming the 8% gain in the Nifty 50 index. Adding to the positive momentum, Axis Securities recently reiterated a “Buy” rating, setting a target price of â‚ą1,201 per share.
Solid Fundamentals and Order Pipeline
As of December 31, 2024, HG Infra boasted an order book of â‚ą15,080 crore, nearly three times its FY24 revenue. Of this, 94% comprises government-backed projects, providing robust revenue visibility for the next 2–3 years.
The company secured fresh orders worth â‚ą2,195 crore in Q4FY25, with future projections indicating that 35–40% of its order book will be driven by non-road infrastructure projects, including energy, water, and urban development.
Looking ahead, HG Infra aims to bag new contracts worth â‚ą10,000–12,000 crore in FY26, while analysts expect a CAGR of 15% in revenue, 12% in EBITDA, and 15% in PAT over FY25–FY27.
Disclaimer
This story is for informational purposes only and does not constitute investment advice. Readers are advised to consult with a certified financial advisor before making any investment decisions. Jobaaj Stories does not endorse any stock or security mentioned.
