Reliance Securities: HG Infra Engineering Poised To Take A Leap  
Materials sit on a construction site in New Delhi, India. (Photographer Anindito Mukherjee/Bloomberg)

Reliance Securities: HG Infra Engineering Poised To Take A Leap  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Reliance Securities Report

HG Infra Engineering Ltd. is one of the leading engineering, procurement, and construction players in India in the roads and highways segment.

The company has excellent project execution track record in eight Indian states, and currently it has active projects in five states.

Its order book has clocked 46% compound annual growth rate over the last five years, while outstanding order book at Rs 64 billion as on H1 FY21 (3.3 times of trailing twelve months revenue) offers healthy revenue visibility.

Most of its under-execution projects have gathered momentum with steady rise in labour availability at project locations.

Click on the attachment to read the full report:

Reliance Securities HG Infra Company Update.pdf

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