HEC Infra Projects shares were trading 5% above its previous close on 4 August after the company received a work order from Gujarat Energy Transmission Corporation.

The company said that they have received a Rs 36.65 crore work order from Gujarat Energy Transmission Corporation for the job of laying, erecting, testing, and commissioning of 66 KV 1C, 300 mm2 and 1C, 630mm2 XLPE cable for PolyAI and AI.

The company has to fulfil the order within 24 months from the date of the LoA.

Last month, the company received a work order worth Rs 37 crore from Haryana Vidyut Prasaran Nigam for the supply, civil, testing, erecting, and commissioning of equipment for the construction of 132 kV and 66kV composite transmission line in Rohtak, Faridabad, and Sirsa that has to be completed within 15 months and 9 months from LoA.

The company has posted a strong April-June quarter for the current fiscal year with a 64% YoY increase in net profit at Rs 19.95 lakh.

At 1:30 p.m., the shares of HEC Infra Projects were reading at Rs 46.90 or 4.92% above its previous close on NSE.