HEC Infra Projects Bags Rs 3.28 Cr Ahmedabad Water Project 💧

Investors, pay attention! HEC Infra Projects Limited (HECPROJECT) has just announced a significant new order, adding a fresh feather to its cap. The company, whose shares last traded at Rs. 168.5, down 2.0% before market close, has secured a substantial contract from the Ahmedabad Municipal Corporation.

This new work order is valued at a solid Rs. 3.28 crores and is set to bolster Ahmedabad’s vital water infrastructure. The project involves the augmentation work for Supply, Installation, Testing, and Commissioning (SITC) of electrical, mechanical, instrumentation, and civil works. This will be carried out at the existing Water distribution stations located in Sola ADB and Ambli ADB, within the North West Zone of Ahmedabad Municipal Corporation.

It’s a domestic project, reinforcing HEC Infra Projects’ presence in the Indian market. The company expects to complete this crucial work within an 8-month timeframe, showcasing its commitment to timely execution.

What’s more, HEC Infra Projects has confirmed that this order is not a related party transaction, meaning none of its promoters or promoter group have any interest in the awarding entity. This transparency is always a good sign for investors.

Looking ahead, HEC Infra Projects isn’t stopping here. The company has indicated its plans to actively bid for similar projects in the future, targeting both private and government departments across various states. This strategic move suggests a robust pipeline and a focus on expanding its footprint in the infrastructure sector. This new order is a clear indicator of the company’s ongoing efforts to strengthen its project portfolio and contribute to essential urban development.

source: Corporate Announcement

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