HEC Infra Bags ₹21.7 Cr Water Project from Ahmedabad Corp.

Hey finance enthusiasts! 👋

HEC Infra Projects Limited (HECPROJECT) has just announced a significant new work order, signaling a positive development for the company. In a joint venture with Jay Bilnath Construction Co., HEC Infra has secured a contract worth a substantial ₹21.7 crores from the Ahmedabad Municipal Corporation (AMC).

This isn’t just any project; it’s a crucial one for urban infrastructure. The work order involves the augmentation of an existing water distribution station and the construction of a new 5 LL (Lakh Litre) capacity Elevated Storage Reservoir (ESR) on an EPC (Engineering, Procurement, and Construction) basis. This comprehensive project also includes electro-mechanical work at the Madhubag water distribution station in the Khadiya ward of AMC’s Central Zone. The entire project is slated for completion within 36 months.

For HEC Infra, this contract underscores its expertise in vital water infrastructure projects and strengthens its presence in the urban development sector. It’s a clear indication of the company’s capability to handle complex, large-scale assignments.

Looking ahead, HEC Infra Projects isn’t stopping here. The company has expressed its intent to actively bid for similar projects in the future, not just with government departments but also with private entities across various states. This strategic outlook suggests a robust growth path in the infrastructure domain.

At the time of this announcement, HECPROJECT shares were trading at ₹152.3, showing a slight dip of 0.2%. This new order could be a key factor to watch as the company continues its journey.

Stay tuned for more updates on HEC Infra’s progress! 📈

source: Corporate Announcement

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