HGINFRANSENovember 12, 2025

H.G. Infra Engineering Limited

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Key numbers — 40 extracted
22.5%
Railway & Metro 2,880+ Modern Fleet Equipment BUILDING BLOCKS OF H.G Revenue CAGR (FY 20-25) 22.5% EBITDA CAGR (FY 20-25) 22.7% PAT CAGR (FY 20-25) Order Book (as of Sept,25) 28.3% Rs. 13,933 C
22.7%
ern Fleet Equipment BUILDING BLOCKS OF H.G Revenue CAGR (FY 20-25) 22.5% EBITDA CAGR (FY 20-25) 22.7% PAT CAGR (FY 20-25) Order Book (as of Sept,25) 28.3% Rs. 13,933 Crore Solar BESS Transmissio
28.3%
GR (FY 20-25) 22.5% EBITDA CAGR (FY 20-25) 22.7% PAT CAGR (FY 20-25) Order Book (as of Sept,25) 28.3% Rs. 13,933 Crore Solar BESS Transmission and Distribution 45+ Completed Projects Years of P
Rs. 13,933 Crore
20-25) 22.5% EBITDA CAGR (FY 20-25) 22.7% PAT CAGR (FY 20-25) Order Book (as of Sept,25) 28.3% Rs. 13,933 Crore Solar BESS Transmission and Distribution 45+ Completed Projects Years of Project Execution 2
250 MW
aon Aurangabad RVNL Pk9 Gaya-Son Nagar section New Delhi Railway Station Total-Railway Gujarat BESS 250 MW Banaskantha BESS 185 MW Choraniya BESS 300 MW Total-BESS Solar Power Projects - Rajasthan (KUSUM) T
185 MW
Gaya-Son Nagar section New Delhi Railway Station Total-Railway Gujarat BESS 250 MW Banaskantha BESS 185 MW Choraniya BESS 300 MW Total-BESS Solar Power Projects - Rajasthan (KUSUM) Transmission- Angul Sunde
300 MW
New Delhi Railway Station Total-Railway Gujarat BESS 250 MW Banaskantha BESS 185 MW Choraniya BESS 300 MW Total-BESS Solar Power Projects - Rajasthan (KUSUM) Transmission- Angul Sundergarh ERGS-1 Total-Sol
35.8%
wer Projects - Rajasthan (KUSUM) Transmission- Angul Sundergarh ERGS-1 Total-Solar Total Orderbook 35.8% HAM Govt. Road & Highways Pvt. Govt. EPC BOQ GOVT & PSU EPC Railways NHAI MoRTH NHAI
81.8%
R RLDA GUVNL NVVN (NTPC) GUVNL GOVT & PSU EPC BESS JDVVNL PFCCL GOVT PSU EPC BOO Solar T&D 81.8% 6.5% 13.2% 95.2% 97.7% 95.3% 91.8% 99.1% 28.2% 2.4% 4.2% 22.9% 47.9% 98.9% 0.0% 0.0% 99.1% 0.0% 74
6.5%
GUVNL NVVN (NTPC) GUVNL GOVT & PSU EPC BESS JDVVNL PFCCL GOVT PSU EPC BOO Solar T&D 81.8% 6.5% 13.2% 95.2% 97.7% 95.3% 91.8% 99.1% 28.2% 2.4% 4.2% 22.9% 47.9% 98.9% 0.0% 0.0% 99.1% 0.0% 74.9% 9
13.2%
NL NVVN (NTPC) GUVNL GOVT & PSU EPC BESS JDVVNL PFCCL GOVT PSU EPC BOO Solar T&D 81.8% 6.5% 13.2% 95.2% 97.7% 95.3% 91.8% 99.1% 28.2% 2.4% 4.2% 22.9% 47.9% 98.9% 0.0% 0.0% 99.1% 0.0% 74.9% 91.3% 3
95.2%
N (NTPC) GUVNL GOVT & PSU EPC BESS JDVVNL PFCCL GOVT PSU EPC BOO Solar T&D 81.8% 6.5% 13.2% 95.2% 97.7% 95.3% 91.8% 99.1% 28.2% 2.4% 4.2% 22.9% 47.9% 98.9% 0.0% 0.0% 99.1% 0.0% 74.9% 91.3% 33.4% 1
Guidance — 4 items
Agreement Signing
opening
Client MoRTH GUVNL Mode HAM Project Name State Agreement Date Kosi Parikrama Ayodhya Uttar Pradesh 21.06.2025 BESS (BOO) Setting Up 250 MW/500MWh battery energy Storage System Gujarat 22.05.2025 5 Significant Events and update on New Projects till Q2FY26
Declaration of completion date
opening
Client Project Name 1 2 3 4 5 OD-Package 05 (Odisha) OD-Package 06 (Odisha) KD- Package 01 (Telangana) KD- Package 02 (Telangana) AP-01 (Andhra Pradesh) Completion Date PCC-02 w.e.f 31.03.2025 vide dated 21.08.2025 PCC-02 w.e.f 31.03.2025 vide dated 21.08.2025 PCC-01 w.e.f.
Declaration of Appointed date
opening
Client Project Name 1 2 3 Varanasi Ranchi (Package-13) Narol Sarkhej Gujrat -MoRTH New Delhi Railway Station Mode HAM HAM EPC State Jharkhand Gujarat Delhi Appointed Date AD issued w.e.f.
Completion Certificate
opening
Mn) & PAT Margin % 5 Year CAGR 22.5% 60,519 5 Year CAGR 22.7% 51,217 44,185 36,152 25,350 21,961 5 Year CAGR 28.3% 10.7% 9.4% 9.5% 9.5% 8.3% 7.5% 5,455 5,771 4,214 3,388 9,507 8,220 7,103 5,847 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 4,181 3,419 2,110 1,657 Standalone Numbers 15 H.G.
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Speaking time
New Projects
1
Agreement Signing
1
Declaration of completion date
1
Declaration of Appointed date
1
Completion Certificate
1
Opening remarks
New Projects
Client Mode Project Name Tarif per MW Contract Duration EPC Cost State LOA Date GUVNL BESS Setting Up 300 MW/600MWh battery energy Storage System ₹2,85,600 12 Years from the project commissioning date ₹6,465 Mn Gujarat Client Mode Project Name Contract Duration Project Cost State Military Engineer Services BOQ (EPC) Creation of Integrated Material Handling Facility at the Naval Dockyard in Mumbai 30 months ₹1,178 Mn Mumbai Maharashtra 28.05.2025 L1 intimation on 21.04.2025 LOA Date 04.08.2025 L1 intimation on 23.06.2025 Client Mode Project Name Contract Duration Project Cost State LOA Date PFC Consulting Ltd ‘‘BOOT’’ Transmission Establish Eastern Region Generation Scheme -I Inter State Transmission System for 35 Years from the COD of Project ~₹3,500 Mn Odisha 19.06.2025
Agreement Signing
Client MoRTH GUVNL Mode HAM Project Name State Agreement Date Kosi Parikrama Ayodhya Uttar Pradesh 21.06.2025 BESS (BOO) Setting Up 250 MW/500MWh battery energy Storage System Gujarat 22.05.2025 5 Significant Events and update on New Projects till Q2FY26
Declaration of completion date
Client Project Name 1 2 3 4 5 OD-Package 05 (Odisha) OD-Package 06 (Odisha) KD- Package 01 (Telangana) KD- Package 02 (Telangana) AP-01 (Andhra Pradesh) Completion Date PCC-02 w.e.f 31.03.2025 vide dated 21.08.2025 PCC-02 w.e.f 31.03.2025 vide dated 21.08.2025 PCC-01 w.e.f. 28.03.2025 vide dated 17.05.2025 PCC-01 w.e.f. 28.03.2025 vide dated 17.05.2025 PCC-01 w.e.f. 23.05.2025 vide dated 01-10-2025
Declaration of Appointed date
Client Project Name 1 2 3 Varanasi Ranchi (Package-13) Narol Sarkhej Gujrat -MoRTH New Delhi Railway Station Mode HAM HAM EPC State Jharkhand Gujarat Delhi Appointed Date AD issued w.e.f. 30.09.2025 AD issued w.e.f. 19.08.2025 AD issued w.e.f. 06.08.2025 6 Significant Events and update on New Projects till Q2FY26
Completion Certificate
Client Project Name Completion Date 1 2 Rewari Bypass Package -4 Delhi-Vadodara Package-9 w.e.f 25.05.2023 vide dated 02.05.2025 w.e.f 31.12.2023 vide dated 16.10.2025 7 Update on HAM Projects Expanding HAM Projects Expanding order book, equity commitment comfortably met All figures in ₹ Million Project Awarding Authority State Kms BPC Grant Amount Total Sanctioned Debt Invested Equity till Sep FY26 Debt as on Sep 2025 Khammam Devarapalle Pkg-1 Khammam Devarapalle Pkg-2 Raipur Visakhapatnam AP-1 Raipur Visakhapatnam OD-5 Raipur Visakhapatnam OD-6 Karnal Ringroad Varanasi Kolkata Pkg-10 Varanasi Kolkata Pkg-13 Chennai Tirupati II NHAI NHAI NHAI NHAI NHAI NHAI NHAI NHAI NHAI Telangana Telangana Andhra Pradesh Odisha Odisha Haryana Jharkhand Jharkhand Andhra Pradesh Narol Sarkhej MoRTH Gujarat 84 Kosi Parikrama MoRTH Uttar Pradesh 33.6 29.51 31.77 44.00 45.50 34.5 35.6 28.7 37.43 10.63 63.84 7,721* 6,371* 10,601* 14,921 11,231 9,971 13,031 9,251 8,621 7,811 7,631 3,088 2,548 4,240 5,968 4
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