H.G. Infra Stock Price up by More Than 3% Today After Company gets Rs 117.7 Crore contract From MES
By Ankur Chandra | Published at: Jun 24, 2025 03:24 PM IST
Mumbai, June 24, 2025 – Shares of H.G. Infra Engineering Ltd. (NSE: HGINFRA, BSE: 541019) rose by 3.83% to ₹1,052.00 in early Tuesday trading after the business said it had been the L1 bidder for a ₹117.77 crore contract from Military Engineer Services (MES).
The stock opened at ₹1,050 and reached an intraday high of ₹1,059.00, showing that investors were quite positive about the company after it won a major defense infrastructure project in Mumbai. H.G. Infra’s position in the burgeoning defense sector is likely to get even stronger with this contract victory.
Stock Performance Snapshot
| Parameter | Value |
|---|---|
| Last Traded Price | ₹1,052.20 |
| Change | +39.00 (+3.8%) |
| Previous Close | ₹1,013.20 |
| Day’s Range | ₹1,040.90 – ₹1,059.00 |
| VWAP | ₹1,050.37 |
| 52-Week Range | ₹928.55 – ₹1,879.90 |
₹117.77 Cr MES Order Fuels Optimism
H.G. Infra told the exchanges that the MES has chosen it as the lowest bidder (L1) for the construction of an Integrated Material Handling Facility at the Naval Dockyard in Mumbai. The project will take 30 months to complete and will be paid for on an item rate basis. This will help the company get more government and defence infrastructure contracts.
Key Order Details
| Particular | Information |
|---|---|
| Client | Military Engineer Services (MES) |
| Project Value | ₹117.77 crore |
| Location | Naval Dockyard, Mumbai |
| Execution Period | 30 months |
| Type | Item Rate Contract |
Market Cap & Valuation Metrics
As per NSE data:
| Metric | Value |
|---|---|
| Market Cap | ₹6,829.28 crore |
| Free Float Market Cap | ₹1,946.55 crore |
| Adjusted P/E | 13.26 |
| Industry P/E | 12.98 |
| Index | NIFTY TOTAL MARKET |
| Sector | Civil Construction |
Outlook
The MES contract win strengthens H.G. Infra’s diversification into defence-related infrastructure, a key growth segment in India’s capex-driven economy. With consistent order inflows and a healthy execution pipeline, analysts expect continued momentum in both topline and bottom-line performance.
About the Company
H.G. Infra Engineering Ltd is a listed civil construction firm specializing in road, highway, and government infrastructure projects. It was listed on the bourses on March 9, 2018, and is actively traded on both NSE and BSE.
REF: https://nsearchives.nseindia.com/corporate/HGINFRA_23062025180818_IntimationreceiptoforderMES.pdf
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