Infra Stock Recovers 8% After Securing ₹19 Crore Order from Hong Fu Industrial Group

The shares of this small cap stock engaged in engineering, procurement, and construction (EPC) services for the construction of buildings and infrastructure facilities retraced 8 percent from its day’s low after securing a work order worth Rs. 19 crores from Hong Fu Industrial Group. 

Stock Performance 

With a market capitalization of Rs 1,226 crore, Sathlokhar Synergys E&C Global Ltd jumped 8 percent to a high of Rs 543.80 per share compared to its previous closing price of Rs 508.70. The shares retraced from the day’s high and were trading at Rs 524 which is 3 percent higher than the previous close.

What Happened 

Through an exchange filing, Sathlokhar Synergys E&C Global Ltd announced that it had secured a work order from Grand Atlantia Panapakkam Sez Developers Pvt Ltd, Chennai which is a part of Hong Fu Industrial Group. 

The project scope involves executing civil works and PEB infrastructure development for the proposed factory building at Grand Atlantia Panapakkam SEZ Developers Private Limited, located within SIPCOT Park, Panapakkam, Ranipet, Chennai. The total consideration stands at Rs 18.76 crore. 

M/s Hong Fu Industrial Group, a renowned Taiwan-based global footwear manufacturer, is investing Rs 1,500 crore to set up a large-scale non-leather footwear manufacturing facility in Ranipet, following which the above work was awarded.

Company Overview 

Sathlokhar Synergys E&C Global Ltd. is an engineering and construction firm specializing in turnkey EPC (Engineering, Procurement, and Construction) projects across diverse sectors such as industrial, commercial, institutional, pharmaceutical, and renewable energy.

The company provides comprehensive end-to-end services, including design, construction, project management, and solar installations, to deliver innovative infrastructure solutions.

Financial Performance

When looking at the latest financial statements, the company reported a stellar 209 percent increase in revenue from Rs 46 crore to Rs 142 crore in H1 FY24-25. This was accompanied by a sharp 300 percent growth in net profits from Rs 4 crore to Rs 16 crore during the same period. 

Written by Shwetha Sairam

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