This two small-cap stocks are engaged in specializing in owning and operating power transmission and renewable energy assets, as well as providing EPC services for roads, bridges, flyovers, and other infrastructure projects. The stocks have jumped up to 3.47 percent after receiving an order from NTPC Vidyut Vyapar Nigam Ltd (NVVNL)
Stock movement:
In Monday’s trading session, H.G. Infra Engineering Limited‘s share jumped by 3.47 percent from the previous close of Rs. 1,276.15. The stock opened at Rs. 1,337.05 and is currently trading at Rs. 1,320.45, with a high of Rs. 1363.70 and a low of Rs. 1,315.55. The market capitalization now stands at approximately Rs. 8,605.52 crore.
Similarly, with a market capitalization of Rs. 11,940.02 crores, the shares of India Grid Trust Limited were trading at Rs. 143.07 per equity share, down nearly around 0.24 percent from its previous day’s close price of Rs. 143.42.
What Happened:
H.G. Infra Engineering Limited has received a Letter of Award from NTPC Vidyut Vyapar Nigam Ltd. for setting up a 185 MW/370 MWh standalone battery energy storage system in India with viability gap funding support. The project was valued at Rs. 238,000 per MW/month and is expected to be completed in 1.5 years.
Furthermore, India Grid Trust Limited also received an order from NTPC Vidyut Vyapar Nigam Ltd. for a 250 MW/500 MWh battery energy storage system in Rajasthan. The project is supported by 30% viability gap funding and generates annual revenue of Rs. 71.1 crore over a 12-year concession under the Build-Own-Operate model.
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Financial Highlights:
H.G. Infra Engineering Limited’s revenue has decreased from Rs. 955 crore in Q2 FY24 to Rs. 902 crore in Q2 FY25, which is down by 5.55 percent YOY. The net profit of H.G. Infra Engineering Limited has also been 15.63 percent, from Rs. 96 crore in Q2 FY24 to Rs. 81 crore in Q2 FY25.
Likewise, India Grid Trust Limited has reported a significant rise in revenue, increasing from Rs. 716 crore in Q2 FY24 to Rs. 836 crore in Q2 FY25, marking a YOY growth of 16.76 percent. Additionally, the company’s net profit surged by 153.85 percent, jumping from Rs. 39 crore in Q2 FY24 to Rs. 99 crore in Q2 FY25.
Company Overview:
H.G. Infra Engineering Limited is an Indian company specializing in the construction, development, and management of infrastructure projects. Focused on EPC and hybrid annuity model (HAM) projects, it undertakes roads, bridges, flyovers, railways, runways, and
water pipelines. Operating across multiple states, its key projects include Gurgaon Sohna, Narnaul Bypass, and Jodhpur-Marwar.
India Grid Trust (IndiGrid) was established in 2016 and sponsored by KKR and Sterlite Power and is India’s first listed infrastructure investment trust (InvIT) in the power sector. IndiGrid acquires and manages operational transmission assets and renewable energy projects, distributing at least 90% of its net distributable cashflows biannually to unitholders under InvIT regulations.
Written By – Nikhil Naik
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