- 22 May 2024
- ICICI Securities
HG INFRA BAGS TWO EPC ROAD PROJECT ORDER WORTH ₹4142 CRORE FROM MSRDC
News: PHG infra has been declared as L1 bidder by Maharashtra state road development corporation for the construction of two expressways - the Nagpur-Chandrapur super communication highway in the State of Maharashtra on EPC mode with the first expressway project spanning a length of 28.20 KM at bid project cost of ₹ 1991.1 crore. The project is to be completed in 30 months. And the second expressway in the state of Maharashtra on EPC mode with the project spanning a length of 31.75 KM with bid project cost of ₹ 2151.1 crore. The project is to be completed in 30 months.HG infra has been declared as L1 bidder by Maharashtra state road development corporation for the construction of two expressways - the Nagpur-Chandrapur super communication highway in the State of Maharashtra on EPC mode with the first expressway project spanning a length of 28.20 KM at bid project cost of ₹ 1991.1 crore. The project is to be completed in 30 months. And the second expressway in the state of Maharashtra on EPC mode with the project spanning a length of 31.75 KM with bid project cost of ₹ 2151.1 crore. The project is to be completed in 30 months.
Views: HG Infra orderbook as of FY24 stood at ₹ 12,434 crore, 2.4x TTM book to bill. With the two orders, the revenue visibility will improve. The current inflows ensures that 15-20% topline growth guidance for FY25 can be met.
Impact: Positive