HEC Infra Wins Rs 96.2M Order from Blue Pine for Transmission Project
17 Apr 2025
2 Min Read
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.
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
MoHUA Plans New Role for Smart City SPVs
In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..
Next Story
ADB Approves $110 Million Loan to Boost Skills in Gujarat
The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat鈥檚 efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..
Next Story
SDAL Tests Rudrastra UAV and Bhargavastra Defence System
Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India鈥檚 Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..
