Multibagger Infra Stock rises 5% after the deal with NTPC

This MicroCap Infra & Engineering company stock rallied 5% today as its subsidiary  has signed an agreement with NTPC Vidyut Vyapar Nigam Limited.

HG Infra Engineering’s subsidiary, HG Banaskantha Bess Private Ltd, signed a battery energy storage purchase agreement with NTPC Vidyut Vyapar Nigam Limited on December 23, 2024. The agreement involves the procurement of 185 MW/370 MWh on a long-term basis. Following the announcement, HG Infra Engineering’s stock gained 2.73% to reach Rs 1,499.45.

The deal is a significant step for HG Infra Engineering, which focuses on engineering, procurement, and construction (EPC) projects, including road maintenance and infrastructure contracts. In Q2 FY2025, HG Infra Engineering reported a net profit of Rs 80.7 crore, a 16% year-on-year decline from the previous fiscal. Revenue from operations also fell 5.5% year-on-year to Rs 902.4 crore. However, the EBITDA margin expanded to 24.3% from 23% in the previous fiscal.

HG Infra Gains on Battery Storage Deal