HEC Infra Projects JV Secures ₹100 Crore Power Distribution Order From Dakshin Gujarat Vij Co; Shares Down Nearly 4%

HEC Infra Projects Ltdshares were trading lower on Thursday even after the company disclosed a ₹100 crore turnkey power distribution order, awarded through a joint venture with Advait Energy Transitions Ltd., The company informed the National Stock Exchange under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015about the order.

₹100 Crore Power Distribution Order Under Gujarat Scheme

According to the exchange communication dated March 5, 2026, HEC Infra Projects Ltd, in joint venture with Advait Energy Transitions Ltd, received the work order from M/s Dakshin Gujarat Vij Company Ltd (DGVCL).

The contract covers turnkey execution, including supply, installation, testing and commissioning of 11 kV 55 mm² AAAC medium-voltage covered conductors, together with associated accessories and additional distribution poles.

Implementation will occur within the operational jurisdiction of Dakshin Gujarat Vij Company Ltd under the Kishan Suryodaya Yojana (KSY) a state programme designed to provide dedicated daytime electricity supply for agricultural consumers across Gujarat.

The disclosure, filed pursuant to SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, states that the project carries an execution timeline of approximately 18 months.

Technical note, briefly:  AAAC (All Aluminium Alloy Conductor) is widely used in medium-voltage distribution systems where corrosion resistance, improved tensile strength and lower maintenance requirements are preferable to conventional bare aluminium conductors.

The filing also clarifies two compliance points.
First, the awarding entity is domestic in nature. Second, the contract does not constitute a related-party transaction, with promoters or promoter group entities holding no interest in the awarding authority.

Stock Market Snapshot

Shares of HEC Infra Projects Ltd (NSE: HECPROJECT) were trading in negative territory during Thursday’s session as of 1:35 PM IST.

The stock was quoted at ₹114.00, down ₹4.71 or 3.97% so far in the session, compared with the previous close of ₹118.71.

Intraday trading reflected sharp volatility. The stock opened at ₹114.55, surged to a session high of ₹128.00, and later declined to an intraday low of ₹112.99 before stabilising near current levels.

Market capitalisation stood near ₹127.72 crore as of the same timestamp, based on exchange-linked market data. Trading remains ongoing.

Company Background

HEC Infra Projects Ltd operates in the engineering, procurement and construction segment focused on power transmission and distribution infrastructure.

The company executes projects that typically involve design, supply, installation and commissioning of electrical networks, including overhead distribution lines, substations and rural electrification systems.

Contract participation in government-linked electricity schemes particularly agricultural feeder upgrades and distribution strengthening programmes remains a recurring source of project inflows for EPC contractors in the segment.

Conclusion

The ₹100 crore DGVCL contract adds to HEC Infra Projects’ project pipeline within the power distribution segment and ties the company to Gujarat’s agricultural power supply programme.

Execution now shifts toward the 18-month implementation phase, as outlined in the exchange filing. Additional order inflows particularly from state electricity utilities may shape the company’s order book trajectory over the coming quarters, according to regulatory disclosures.

Source:

• https://nsearchives.nseindia.com/corporate/HECPROJECT_05032026121010_wo_dgvcl_100_cr.pdf
• https://www.nseindia.com/get-quote/equity/HECPROJECT/HEC-Infra-Projects-Limited