HG Infra Receives ₹401.33 Crore Railway Infrastructure Order; Shares Rise 6.20%

Mumbai, March 11: HG Infra Engineering Limited disclosed that it has secured a civil and railway infrastructure contract from Anuppur Thermal Energy (MP) Private Limited valued at ₹401.33 crore including GST. The development triggered buying interest in the stock, with shares of the company rising 6.20% to ₹520.95 on Wednesday, according to exchange data.

The contract involves execution of civil works including earthwork, bridges and station buildings, along with permanent way works for railway infrastructure linked to a 2×800 MW thermal power project located at Anuppur in Madhya Pradesh. The company disclosed the development in a regulatory filing submitted under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the filing, the project will be executed on an Item Rate or Bill of Quantities basis. The order pertains to railway connectivity infrastructure supporting the power generation facility being developed in the region.

Share Price Movement Following Order Disclosure

HG Infra Engineering share price closed at ₹520.95 on March 11, 2026, marking a gain of ₹30.40 or 6.20% compared with the previous close of ₹490.55.

During the trading session the stock opened at ₹513.00 and touched an intraday high of ₹584.40 before moderating towards the close. The movement reflects positive market reaction following confirmation of the new order addition to the company’s project pipeline.

Market capitalisation of the company stood near ₹3.39K crore at the close, while the price to earnings ratio remained around 8.65, according to market data.

Contract Structure And Execution Timeline

The contract has been awarded by Anuppur Thermal Energy (MP) Private Limited, which will oversee the thermal power project requiring dedicated rail infrastructure for logistics and coal movement.

Execution scope includes construction of railway civil infrastructure components such as earthworks, bridge structures, station buildings and permanent way works supporting rail connectivity to the thermal plant.

The order carries a construction timeline of 18 months. The company stated that the contract has been awarded by a domestic entity and does not involve any related party transaction. Promoters or promoter group entities do not hold any interest in the awarding entity, as disclosed in the filing.

The order value reported by the company stands at ₹401.33 crore inclusive of applicable taxes.

Company Background

HG Infra Engineering Limited is an infrastructure engineering, procurement and construction company primarily focused on road development projects including highways, expressways and bridges.

Over the years the company has expanded into railway infrastructure, metro projects and other civil engineering works. Its order book typically includes projects awarded by central government agencies, state authorities and infrastructure developers.

The company is listed on both the National Stock Exchange and BSE and continues to pursue diversification within transport and core infrastructure segments.

Conclusion

The newly secured ₹401.33 crore railway infrastructure contract adds to HG Infra Engineering’s project pipeline and reinforces its participation in rail-linked infrastructure supporting power generation facilities.

With execution scheduled over the next 18 months, the project contributes incremental visibility to the company’s revenue stream while reflecting continued contract inflow from domestic infrastructure development.

Source;

• https://www.nseindia.com/get-quote/equity/HGINFRA/H.G.-Infra-Engineering-Limited
• https://nsearchives.nseindia.com/corporate/HGINFRA_10032026165708_FinalIntimationAdani.pdf