Big Order News continues to drive attention in the infrastructure sector, with a major metro development contract awarded under one of Maharashtra’s largest ongoing urban transport projects. As state governments increase focus on mass transit expansion, EPC (Engineering, Procurement & Construction) companies are seeing renewed order inflows — and one listed player has just secured a blockbuster win through a powerful joint venture.

This announcement comes at a crucial time, as India’s infrastructure push accelerates under the National Infrastructure Pipeline and metro network expansion across Tier-1 and Tier-2 cities gains momentum. The latest metro contract is a major validation of EPC expertise, execution capability and sector positioning.

HG Infra Engineering Bags Mega Metro Contract in JV With Kalpataru Projects 🚇

In a significant development, HG Infra Engineering Ltd confirmed that it has been declared L1 bidder (lowest bidder) in a joint venture with Kalpataru Projects International Ltd, winning a ₹1,415-crore metro EPC contract awarded by the Maharashtra Metro Rail Corporation Limited (MMRCL).

JV Share Structure

• HG Infra Engineering: 40% share
• Kalpataru Projects International: 60% share

Project Scope

The contract includes:

• Designing and constructing a 20.527 km elevated metro viaduct
• Connecting the UG ramp to Balkum Naka
• Construction of depot approach viaduct
• Three special spans for the Thane Integral Ring Metro Project
• Execution under full EPC mode

Project Cost

• Estimated cost: ₹1,424 crore
• Winning bid cost (JV): ₹1,415 crore (inclusive of all taxes)

The project must be completed within 36 months, and is awarded by a domestic entity with no promoter-group involvement, ensuring full compliance under contract awarding rules.

Big Order News: Strong Operational Capability Backed the Win

The successful JV bid reinforces HG Infra Engineering’s reputation in executing complex urban infra projects. The company already has a strong track record in:

• Highway expansion
• Bridges and flyovers
• Metro infrastructure
• Large public-sector EPC contracts

Industry experts note that this contract provides multi-year revenue visibility and strengthens the company’s foothold in the booming metro rail EPC market, which is expected to expand significantly over the next decade (Source: Ministry of Housing & Urban Affairs — .

Quarterly Performance Review — Mixed Q2 Numbers 📉📊

While the big order lifted sentiment, the company’s financial results for Q2 showed a moderate decline.

Key Q2 FY25 Highlights

• Net Profit: ₹80.7 crore
  • Down 16% YoY (₹96.1 crore last year)
• Revenue: ₹902.4 crore
  • Down 5.5% YoY from ₹954.5 crore
• EBITDA: ₹219.5 crore
  • Slight dip from ₹220.1 crore
• EBITDA Margin:
  • Improved to 24.3%, compared to 23% YoY

The margin improvement indicates effective cost control and operational efficiency despite revenue softness.

Stock Performance — Stability Amid Market Volatility 📉📈

On November 21, HG Infra Engineering shares closed at:

• ₹863, down by just ₹0.50 (0.058%)

The stock has shown resilience despite broader index fluctuations, supported by a strong order book and consistent execution.

Long-term investors are watching closely as major EPC contract wins often translate into improved revenue visibility and future re-rating potential.

Growth Drivers & Risks Investors Should Track 🔎

Growth Drivers

• Strong metro expansion across major cities
• Robust EPC pipeline
• Execution capability proven across highways and rail projects
• Improved margins despite revenue decline
• JV partnership strengthens order-winning competitiveness

Risks

• Project execution delays
• Rising input costs
• Dependence on government capex cycles
• Working capital intensity in EPC businesses

Big Order News: What Smart Investors Should Monitor Next 🔭

Investors should track:

• Order inflow momentum
• Execution pace of the Thane Metro project
• Margins in upcoming quarters
• JV synergy benefits
• Any new metro or rail infra bids

This contract significantly strengthens the company’s long-term earnings visibility.

Conclusion — A Strong Contract Win Signals Confidence in EPC Capabilities

This Big Order News marks a major milestone for HG Infra Engineering, showcasing its ability to secure and execute large-scale metro projects in collaboration with industry leaders like Kalpataru Projects. Despite a soft Q2, the robust order win could drive investor confidence and long-term valuation upside.

More infra expansion updates are expected soon — stay tuned.

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