Shares of HEC Infra Projects Limited gained more than 8 percent on Tuesday after the company announced a fresh work order worth ₹34.82 crore from Stellar Manufacturers Private Limited for a food park project in Gujarat.
The latest contract comes less than two weeks after the company secured a ₹44.87 crore order from Power Grid Corporation of India Ltd. (POWERGRID), extending a recent streak of order wins.
With a market capitalisation of ₹143.19 crore, HEC Infra shares were trading at ₹132.02, up 8.54 percent from the previous close of ₹121.63. The stock trades at a P/E ratio of 10.48.
Mehsana food park project
According to a regulatory filing dated June 16, 2026, HEC Infra has received a contract from Stellar Manufacturers for the design, engineering, supply, erection, testing and commissioning of electrical package works at Mudarda Village in the Fanidhar Food Park located in Mehsana district, Gujarat.
The scope includes material supply and erection activities, and the project is scheduled to be completed within four months.
The company stated that neither its promoters nor promoter group entities have any interest in Stellar Manufacturers and that the transaction does not constitute a related-party deal.
The contract value represents nearly 20 percent of HEC Infra’s FY26 standalone revenue of ₹176 crore. Given the short execution period, the order is expected to contribute to near-term revenue rather than provide long-term backlog visibility.
Recent order momentum
Earlier, on June 6, 2026, the company announced a ₹44.87 crore order from POWERGRID for transmission works associated with the Bikaner IV project, with a 15-month execution period.
Combined, the two contracts amount to approximately ₹79.69 crore in fresh orders secured within ten days.
The company has also indicated that it plans to bid for similar projects from government and private sector clients in other states.
Improving operating metrics
HEC Infra’s operating indicators have shown improvement over the past year.
- Debtor days declined from 94.9 days to 55.4 days.
- Working capital days fell from 92.2 days to 40.4 days.
- Return on capital employed stood at 21.4 percent.
Promoter holding increased to 74.93 percent as of March 2026. Despite reporting a five-year profit CAGR of 110 percent, the company has not declared dividends.
Financial performance
For the quarter ended March 2026, HEC Infra reported:
- Revenue of ₹50.73 crore, compared with ₹46.50 crore a year earlier.
- Net profit of ₹6.10 crore, up from ₹5.67 crore.
For FY26, the company posted:
- Revenue of ₹176 crore, compared with ₹112 crore in FY25.
- Net profit of around ₹13 crore, up from ₹9 crore in the previous year.
Company profile
Founded in 2005, HEC Infra Projects Limited provides EPC services across electrical, electro-mechanical, civil and instrumentation works. Its operations include overhead transmission lines, substations, underground cabling, solar photovoltaic plants and battery energy storage systems.
The company is registered as a Class A EPC contractor with the Gujarat government’s Roads and Buildings Department, a Class-1 contractor with the Central Public Works Department, and also holds a contractor licence from GETCO.
TL;DR:
HEC Infra Projects rose over 8% after winning a ₹34.82 crore electrical package contract for a food park in Mehsana, Gujarat. Combined with a recent ₹44.87 crore POWERGRID order, the company has secured nearly ₹80 crore worth of projects in the past 10 days.
AI Summary:
- HEC Infra won a ₹34.82 crore contract from Stellar Manufacturers.
- The project involves electrical works for a food park in Mehsana.
- Execution is scheduled to be completed within four months.
- Recent order wins now total nearly ₹79.69 crore.
- FY26 revenue rose to ₹176 crore and net profit increased to about ₹13 crore.
