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News: HG Infra has been declared as lowest bidder for creation of integrated material handling facility at the Naval Dockyard in Mumbai (ND (MBI)) by Military Engineer Services (MES) in the state of Maharashtra on item rate basis. The order size is ₹117.8 crore. The completion period for the project is 30 months.
View: HG Infra's orderbook as of FY25 stood at ₹15,281 crore (2.5x book to bill). HG has recently bagged orders in non road segments like Solar, BESS and transmission, along with the new order, which further adds to the revenue visibility. Given the healthy ordering momentum from various segments, it expects order inflows of ₹11000 crore for FY26. With strong order back-log, robust execution capability and healthy pipeline of projects, HG Infra is poised for growth ahead.
Impact: Positive