HEC Infra Wins Rs 96.2M Order from Blue Pine for Transmission Project

17 Apr 2025 CW Team

HEC Infra Projects has announced that it has secured a work order worth Rs 96.2 million from Blue Pine Energy, marking a significant development for the company.

The work order entails the engineering, procurement, and construction (EPC) of a 66 kV double-circuit transmission line on a double-circuit tower, along with the installation of a 12 km underground (U/G) cable. This project is valued at Rs 96.2 million and is slated for completion within the next three months.

This announcement was made in a filing to the National Stock Exchange of India Limited on 14 April 2025.

HEC Infra Projects also clarified that none of its promoters or promoter groups have any association with Blue Pine Energy, confirming that this order does not fall under the category of a related party transaction.

The company, known for its expertise in engineering, procurement, and construction services, specialises in electromechanical and instrumentation projects. Their portfolio spans transmission, water management systems, solar energy, lighting, and automation solutions.

In its latest financial report for Q3 FY25, HEC Infra Projects witnessed a 62.06 per cent decline in standalone net profit, which dropped to Rs 14.3 million from Rs 37.7 million in Q3 FY24. However, revenue from operations surged by 61.24 per cent, reaching Rs 275.4 million compared to Rs 170.7 million in the same quarter last year.

On 11 April 2025, the company's shares fell by 1.43 per cent, closing at Rs 80.68. The Indian stock market remained closed on 14 April 2025 in observance of Ambedkar Jayanti.

As of 14 April 2025, HEC Infra Projects' market capitalisation stood at Rs 1 billion on the NSE.

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