HEC Infra Projects Bags ₹8.23 Cr Work Order for 66 kV Switchyard Project in Gujarat 

Synopsis: HEC Infra Projects Ltd has secured a new domestic work order worth Rs. 8.23 crore from M/s Stellar Manufacturers Private Limited. The project involves design, engineering, supply, erection, testing, and commissioning work for 66 kV switchyard materials at the Mudarda village plant in Mehsana, Gujarat. 

HEC Infra Projects Ltd informed the exchanges that it has received a work order worth Rs. 8.23 crore from M/s Stellar Manufacturers Private Limited. The contract is related to the supply and erection of 66 kV switchyard infrastructure for the Mudarda village plant at Fanidhar Food Park, Mehsana. The company stated that the order includes design, engineering, testing, commissioning, and complete execution of switchyard-related works. 

HEC Infra Projects currently commands a market capitalization of around Rs. 144 crore, while the stock trades near Rs. 133, up by 3% compared to its previous close of Rs. 129. The stock touched a 52-week high of Rs. 184 and a low of Rs. 92.1. The company trades at a P/E ratio of 11.9 and has reported healthy return ratios with ROCE of 19% and ROE of 21%. The company’s book value stands at Rs. 52.3 per share. 

HEC Infra Projects Ltd has received a domestic work order worth Rs. 8.23 crore from M/s Stellar Manufacturers Private Limited for a 66 kV switchyard project in Gujarat. The project is related to the Mudarda village plant at Fanidhar Food Park in Mehsana district. The order includes design, engineering, supply, erection, testing, and commissioning work for switchyard materials and infrastructure. 

The company stated that the project will be executed within seven months. The order strengthens HEC Infra’s presence in the electrical EPC and infrastructure segment. Rising investments in industrial and power infrastructure projects are expected to support future growth opportunities for the company. 

HEC Infra clarified that the contract is domestic in nature and does not involve any related-party transactions. The company further confirmed that none of the promoters or promoter group entities have any interest in the awarding company. 

The company believes the new order will improve its order book visibility and execution pipeline. Increasing government spending on infrastructure and power transmission projects continues to create demand for EPC companies. 

Industry Outlook

India’s infrastructure sector continues to witness strong momentum backed by government spending and private sector participation. The Union Budget 2025-26 allocated over Rs. 11 lakh crore towards capital expenditure, focusing on power, roads, railways, and industrial infrastructure development. 

The power transmission and distribution segment is also expanding rapidly due to rising electricity demand, renewable integration, and rural electrification projects. Increasing investments in industrial parks, smart grids, and power infrastructure are expected to create long-term growth opportunities for EPC and infrastructure companies. 

The Rs. 8.23 crore order win marks another positive development for HEC Infra Projects as the company continues expanding its presence in the power and infrastructure segment. Strong government focus on electrical infrastructure, industrial development, and transmission projects is expected to create long-term opportunities. The latest contract also strengthens the company’s order pipeline and execution visibility going ahead. 

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