HEC Infra Projects Limited has officially announced the receipt of a new work order from M/S Power Grid Corporation of India Limited, valued at Rs. 11.48 crores. This domestic contract involves comprehensive services including the supply, erection, testing, and commissioning for the augmentation of transformation capacity at the 400/220 kV Neemrana (PG) Substation.

The awarded project specifically focuses on enhancing the substation’s capacity by installing a 1×500 MVA, 400/220 kV ICT (3rd) along with all necessary associated bays. The execution of this infrastructure work is scheduled to be completed within a period of 15 months. The company has confirmed that this contract is not a related party transaction, as none of the promoters or promoter group members hold any interest in the entity awarding the order.

Incorporated in 2005 and led by Managing Director Gaurang Shah, HEC Infra Projects Limited is a prominent Engineering, Procurement, and Construction (EPC) company specializing in ElectroMechanical systems, solar projects, and extra-low voltage (ELV) infrastructure. During 2025, the company actively executed a diverse range of projects across solar power plants, high-voltage substations, water infrastructure, and industrial electrification, serving both major public sector entities like GETCO and AMC, as well as private leaders like Tata Power Solar. The company has consistently maintained a focus on expanding its order book by bidding for similar projects across various Indian states, aiming to elevate its operational scale.

Financially, the company has shown robust growth. In its third quarter of the 2025-2026 fiscal year, HEC Infra Projects reported revenue of Rs. 57.77 crores, reflecting a significant jump compared to the same period in the previous year. The net profit for the same quarter stood at Rs. 2.92 crores. While the company benefits from substantial order wins, it continues to navigate market risks including stock price volatility and the necessity for improved debt coverage by operating cash flow. As of the latest available shareholding data, the company’s promoter group holds a majority stake of 74.9%, with no institutional holding reported in the most recent patterns.