HG Infra Engineering Share Price Gains Over 6% After Securing Contract from REC Power 

HG Infra Engineering Limited announced the receipt of a formal Letter of Intent dated August 18, 2026, for a new contract, as per exchange filings.  

Details of the Contract Award 

The contract was awarded by REC Power Development and Consultancy Limited, a wholly-owned subsidiary of REC Limited. The scope of work involves the construction of specific power substations and lines through tariff-based competitive bidding.  

The project sites are located in Ranipur, Mau, and Chunar, Mirzapur, in Uttar Pradesh. 

HG Infra Engineering strategic initiatives in the infrastructure sector will make this project a continuation. 

The project involves critical infrastructure development, focusing on enhancing power distribution capabilities in the region.  

After the successful execution of this contract, this contract is expected to contribute significantly to the local power infrastructure, aligning with broader regional development goals. 

Project Execution and Strategic Importance 

The project involves critical infrastructure development, focusing on enhancing power distribution capabilities in the region. The successful execution of this contract is expected to contribute significantly to the local power infrastructure, aligning with broader regional development goals. 

Order Book and Backlog 

The total corporate order book stood at ₹14,502 crore as of Q1 FY27. Roads and highways comprise 65% of this total backlog, valued at ₹9,386 crore. 

Crucially, over ₹6,000 crore of the order book is currently non-executable due to clearance constraints. This leaves an executable backlog of approximately ₹8,000 crore until land opens up. 

Project Pipeline and Inflows 

The company secured the Pune-Shirur road project from MSRDC, which is valued at ₹3,931.11 crore. Meaningful construction execution on this large highway project is expected by Q3 FY27. 

Other wins include 2 railway projects for Adani thermal worth ₹3.40 crore and ₹4.40 crore. Two transmission projects from REC PDCL fetched ₹3.20 crore and ₹8.43 crore. 

Read More: Lincoln Pharmaceuticals Share Price Gains Over 4% After Q1 FY27 Earnings Results: Total Income Up 19% YoY! 

H.G. Infra Engineering Share Price Performance 

As of August 19, 2026, at 11:17 AM, H.G. Infra Engineering share price on NSE was trading at ₹541.00, up by 6.56% from the previous closing price. 

Conclusion 

HG Infra Engineering's receipt of the contract for power substations in Uttar Pradesh, awarded by REC Power Development, underscores its ongoing commitment to infrastructure development. This project involves constructing power substations and lines, enhancing the company's portfolio. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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