HEC Infra Wins Rs 96.2M Order from Blue Pine for Transmission Project
POWER & RENEWABLE ENERGY

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

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.

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.

Next Story
Infrastructure Urban

India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

The Indian government launched the Smart Cities Mission on June 15, 2015, with the goal of transforming urban infrastructure across the country. As of April 11, 2025, ten years since its inception, over Rs 1.5 trillion has been spent on 7,504 completed projects, representing 94 per cent of the total planned projects valued at more than Rs 1.64 trillion. An additional Rs 131.42 billion worth of projects are currently under implementation. According to data from SBI Research, 92 per cent of the funds were utilised across 21 major states, with Uttar Pradesh, Tamil Nadu, and Maharashtra together ..

Next Story
Infrastructure Energy

Hyundai’s EcoGram Converts Gurugram’s Waste to Clean Energy

Hyundai’s EcoGram, a biogas plant and material recovery facility located in Gurugram, Haryana, has been established to support circular economy initiatives. The facility collects both wet and dry waste from 20 bulk waste generators, including residential welfare associations (RWAs), corporate offices, and commercial complexes, with assistance from the Municipal Corporation of Gurugram (MCG). At the facility, the collected waste undergoes processing—wet waste is converted into biogas, which is then used to generate electricity, while dry waste is sorted for recycling. Since its inception,..

Next Story
Infrastructure Transport

Metro Line 8 DPR Nears Completion; CIDCO to Float Rs 200 Bn Tenders

The City and Industrial Development Corporation (CIDCO) is nearing completion of the Detailed Project Report (DPR) for Metro Line 8, commonly known as the Gold Line. This strategic 34.9-kilometre corridor is set to link Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) with the upcoming Navi Mumbai International Airport (NMIA). Estimated to cost around Rs 200 billion, the project is being developed under the Public-Private Partnership (PPP) model. Once completed, Metro Line 8 will become Mumbai's second such corridor after Metro Line 1. CIDCO plans to float tenders once ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?