Reliance Securities: HG Infra Engineering Poised To Take A Leap
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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.
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