Shares of HG Infra Engineering Ltd skyrocketed 19% on 11 March after the company announced securing a Rs 401.33 crore order from Anuppur Thermal Energy in Anuppur. 
 
HG Infra has got a Rs 401.33 crore order from Anuppur Thermal Energy (MP) Pvt. Ltd. for railway infrastructure at a thermal power project in Madhya Pradesh, according to an exchange filing. 
 
The contract covers civil works such as earthwork, bridges, and station buildings, as well as permanent way (P-way) work for the development of railway infrastructure at Anuppur’s 2×800 megawatt thermal power project. The order was awarded on an item rate or bill of quantities (BOQ) basis and is scheduled to be completed within 18 months, according to the company’s exchange filing.

HG Infra is an infrastructure development company. The company specialises in providing end-to-end Engineering, Procurement, and Construction (EPC) services as well as Hybrid Annuity Model (HAM) projects in transportation infrastructure, renewable energy, and Battery Energy Storage Systems (BESS), which includes transmission.
 
In Q3FY26, the company’s consolidated net profit decreased by 18.1% to Rs 94.28 crore, down from Rs 115.14 crore the previous year. In the current quarter, revenue from operations increased by 12.4% year on year to Rs 1,421.16 crore from Rs 1,264.66 crore in the same quarter last year.

During the quarter, earnings before interest, tax, depreciation, and amortisation (Ebitda) climbed by 7.6% to Rs 308.78 crore, up from Rs 286.90 crore the previous year. However, the Ebitda margin fell to 21.7% in Q3FY26, from 22.7% in the same time the previous year.

At 2:30 pm, the shares of HG Infra Engineering were trading 9.42% higher at Rs 536.80 on NSE.

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