Latest news with #MilitaryEngineerServices
Business Standard
5 days ago
- Business
- Business Standard
H.G. Infra Engg rises after emerging as lowest bidder for Rs 118-cr defence project
H.G. Infra Engineering rallied 3.80% to Rs 1,052.95 after the company announced that it has been declared the lowest bidder for a government project worth Rs 117.77 crore. The order pertains to the creation of an Integrated Material Handling Facility at the Naval Dockyard in Mumbai, awarded by the Military Engineer Services (MES), Maharashtra. The project is to be executed within 30 months, and the company confirmed that the transaction does not involve any related parties. Additionally, neither the promoter, promoter group, nor any group companies have any interest in the awarding entity. H.G. Infra Engineering is primarily involved in the construction of roads and highways in Odisha, Telangana, Rajasthan, Delhi, Andhra Pradesh, Haryana, and Uttar Pradesh. HGIEL is accredited AA class by the Public Works Department (PWD) of the Government of Rajasthan (GoR) and is registered as an SS class contractor by the Military Engineer Services (MES). The company reported a 22.65% decline in consolidated net profit to Rs 146.98 crore in Q4 FY25 as against Rs 190.03 crore posted in Q4 FY24. Revenue from operations fell 20.33% YoY to Rs 1,360.89 crore in the quarter ended 31 March 2025.
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Business Standard
5 days ago
- Business
- Business Standard
HG Infra shares rise 5% on ₹117.7 crore defence order win; details here
Shares of HG Infra Engineering rose over 5 per cent on Tuesday after securing a ₹117.77 crore order from the Military Engineer Services for the creation of an Integrated Material Handling Facility at the Naval Dockyard in Mumbai. The civil construction firm's stock rose as much as 5.3 per cent during the day to ₹1,097 per share, the biggest intraday gain since May 12 this year. The stock pared gains to trade 3.8 per cent higher at ₹1,052 apiece, compared to a 1.28 per cent decline in Nifty 50 as of 11:55 AM. Shares of the company have fallen over 11 per cent from their recent highs of ₹1,299, which it hit last month. The counter has fallen 5 per cent this year, compared to a 7 per cent advance in the benchmark Nifty 50. HG Infra has a total market capitalisation of ₹6,845.9 crore, according to BSE data. Track LIVE Stock Market Updates Here HG Infra bags ₹117.7 crore defence project The company was declared the lowest bidder for a defence infrastructure project awarded by the Military Engineer Services (MES), according to an exchange filing on Monday. The project involves the creation of an Integrated Material Handling Facility at the Naval Dockyard in Mumbai (ND (MBI)), Maharashtra. The contract, valued at ₹117.77 crore, has been awarded on an item-rate basis and is expected to be executed within 30 months, the statement said. HG Infra Q4FY25 results HG Infra's net profit slipped by 22.65 per cent to ₹146.98 crore in the quarter ended March 2025, compared to ₹190.03 crore in the corresponding quarter of the previous financial year. Revenue from operations fell by 20.33 per cent to ₹1,360.89 crore in the quarter ended March 2025, as against ₹1,708.26 crore in the same quarter last year. On the operational front, earnings before interest, tax, depreciation, and amortisation (Ebita) fell 28 per cent to ₹239.5 crore, from ₹332.6 crore a year earlier. The Ebitda margin contracted to 17.6 per cent from 19.5 per cent. About HG Infra Engineering Established in 2003, HG Infra Engineering is an infrastructure development company. The company has expertise in providing EPC services on a turnkey basis and executing projects under the Hybrid Annuity Model (HAM), excelling in civil construction and related infrastructure projects. H.G. Infra has also diversified into railways, metro, solar power, and water projects.
Economic Times
5 days ago
- Business
- Economic Times
HG Infra Engineering shares in focus after emerging as lowest bidder for Rs 118 crore naval dockyard project
Shares of HG Infra Engineering will be in focus on Tuesday after the company announced that it has emerged as the lowest bidder for a project at the Naval Dockyard in Mumbai. ADVERTISEMENT The Military Engineer Services (MES) has awarded the company the contract for developing an Integrated Material Handling Facility, valued at approximately Rs 117.77 crore. The project is scheduled to be executed over a period of 30 months. HG Infra reported a 22.6% year-on-year decline in net profit to Rs 147 crore for the quarter ended March 2025, down from Rs 190 crore in the same period last year. Revenue also declined 20.3% to Rs 1,360.9 crore from Rs 1,708.2 crore, reflecting a moderation in project before interest, tax, depreciation, and amortisation (EBITDA) fell 28% year-on-year to Rs 239.5 crore, compared to Rs 332.6 crore a year earlier. The EBITDA margin narrowed to 17.6% from 19.5%. ADVERTISEMENT Also Read: 11 Nifty mid & smallcap stocks that can rally 40-90% over the next 12 months According to Trendlyne, the average analyst target price for HG Infra Engineering is Rs 1,661, implying an upside potential of around 64% from current levels. Of the 15 analysts tracking the stock, the consensus rating is a 'Strong Buy'. ADVERTISEMENT On the technical front, the stock's Relative Strength Index (RSI) stands at 35.5, indicating weak momentum. An RSI below 30 is considered oversold, while above 70 is overbought. The stock is currently trading below its 20-day, 50-day, 100-day, and 200-day simple moving averages. So far in 2025, HG Infra shares have declined nearly 33% and are down about 41% over the past 12 months. The company's market capitalisation currently stands at approximately Rs 6,611 crore. ADVERTISEMENT Also Read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO Headquartered in Jaipur, Rajasthan, HG Infra Engineering is a leading infrastructure and construction company specialising in the engineering, procurement, and construction (EPC) of roads and highways. The company undertakes projects under government-backed models such as EPC, hybrid annuity (HAM), and public-private partnerships (PPP).In recent years, HG Infra has diversified into railway and metro projects, expanding its capabilities beyond traditional road development. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
05-05-2025
- Politics
- Mint
Pakistani cyber attackers claim they hacked Indian defence websites, think tank denies report
As tensions between India and Pakistan escalate in the aftermath of the Pahalgam terror attack, Pakistani hackers are targeting Indian defence website, claiming that they have access to sensitive information. However, senior management of one of the websites categorically denied the information. Pakistan Cyber Force, a handle on X, has claimed that its hackers gained access to sensitive information of the Military Engineer Services and the Manohar Parrikar Institute of Defence Studies and Analysis. The X account has claimed that it has gained access to 10 gb of data of over 1600 users of the Manohar Parrikar Institute of Defence Studies and Analyses website. Senior management of Manohar Parrikar Institute for Defence Studies and Analyses has categorically denieed that its website has been hacked. Pakistan claims to hack Indian websites Pakistan claims to hack Indian websites Pakistan claims to hack Indian websites According to a report by News18 citing sources, the cyber attack may have compromised sensitive information linked to Indian defence officials, such as their login credentials and personal details. The news outlet also reported that Pakistani hackers further tried to deface the website of Armoured Vehicle Nigam Limited, a Public Sector Undertaking that falls under the ambit of the Ministry of Defence. An NDTV report also stated quoting sources that the website of the Armoured Vehicle Nigam Limited was taken down for a thorough audit to assess the extent of any potential damage. Livemint could not independently verify the reports, but also could not access the website. In a continued wave of cyber offensives, Pakistan-based hacker groups such as "Cyber Group HOAX1337" and "National Cyber Crew" made unsuccessful attempts to breach some websites on May 1. According to news agency ANI, these hacking efforts were promptly identified and neutralised by cybersecurity agencies. Among the latest provocations, the websites of Army Public School Nagrota and Sunjuwan were targeted and attempted to be defaced with messages mocking the victims of the recent Pahalgam terror attack. In another incident, a website catering to ex-servicemen's healthcare services was defaced. Earlier on April 29, Pakistan redirected its efforts towards publicly accessible welfare and educational websites. Operating under the moniker "IOK Hacker" - Internet of Khilafah, the group sought to deface pages, disrupt online services and harvest personal information. India's cybersecurity architecture detected the intrusions in real-time and quickly traced their origin to Pakistan. The websites of Army Public School (APS) Srinagar and APS Ranikhet were both targeted with inflammatory propaganda. APS Srinagar also faced a distributed-denial-of-service assault.
India Today
05-05-2025
- Politics
- India Today
‘Pahalgam' face-off hits cyberspace: Pakistan hackers claim Indian defence systems breached
With tensions running high between India and Pakistan following the deadly Pahalgam terror attack, the conflict has now spilled onto cyberspace, with alarming implications. In a disturbing escalation, a Pakistan-based hackers' collective, the 'Pakistan Cyber Force', has claimed responsibility for a significant cyberattack on Indian defence institutions, targeting sensitive data repositories and public-facing platforms alike. Their claim suggests the attackers may have potentially compromised personal information related to defence persons, including their log-in breach, which purportedly compromised confidential data from India's Military Engineer Services (MES) and the Manohar Parrikar Institute for Defence Studies and Analyses (MP-IDSA), includes personal information and log-in credentials of defence personnel. While the full extent of the claimed intrusion is still under assessment, Indian cybersecurity experts fear the breach could represent one of the most consequential digital attacks on military-linked networks in recent a parallel act of provocation, the hackers attempted to deface the official website of the Armoured Vehicles Nigam Limited (AVNL), a defense public sector undertaking (PSU) under the ministry of defence. Screenshots circulated online show the Pakistani flag and images of the Al-Khalid tank splashed across the site. Authorities responded swiftly, pulling down the website and launching a comprehensive audit. 'The website has been temporarily suspended to ensure its integrity and to investigate the extent of the intrusion,' said an cyber-offensives come in the backdrop of the April 22 terror attack in Kashmir's Pahalgam, which claimed 26 lives and reignited hostilities between India and Pakistan. Indian intelligence agencies believe the coordinated cyberattacks are linked to state-sponsored Pakistani groups. Several hacker outfits, including IOK Hacker, Cyber Group HOAX1337, National Cyber Crew and Team Insane PK, have surfaced as part of this digital The targets have ranged from Army Public Schools in Srinagar, Ranikhet, Nagrota and Sunjuwan to the Army Welfare Housing Organisation (AWHO), the Indian Air Force Placement Organisation portal and even civilian-facing sites such as those of the Maharashtra and Rajasthan governments. Distributed denial-of-service (DDoS) attacks, data theft and defacements have been the primary tactics, with hackers pushing inflammatory claims, including allegations that the Pahalgam attack was orchestrated by India cyber defences, led by CERT-In (Indian Computer Emergency Response Team) and the Indian Cyber Crime Coordination Centre (I4C), are now on high alert. Critical websites are undergoing rapid audits, real-time intrusion detection systems are being upgraded, and AI-driven threat analysis is being deployed. Defence personnel are being retrained to guard against phishing and credential this surge in attacks, Indian agencies say no operational or classified military networks have been compromised. 'We remain confident in our layered cybersecurity architecture. These were low-level surface breaches, not penetrations into core defence networks,' said a defence official, who did not wish to be cyberwarfare is now clearly part of the broader strategic contest. Alongside physical and diplomatic responses, including the suspension of the Indus Waters Treaty, border closures and the downgrading of diplomatic ties, digital retaliation has emerged. Indian hacktivist groups, such as the India Cyber Force, have claimed counterstrikes, breaching Pakistani systems, including the AJK Supreme Court, the University of Balochistan and the Sindh Police beyond the tangible breaches lies an equally dangerous campaign: disinformation. In a bid to manipulate public perception and undermine India's credibility, pro-Pakistan social media handles have been caught spreading fake documents and false claims, including fabricated assessments about India's military preparedness. One such lie involved senior officer Lieutenant General Gen M.V. Suchindra Kumar, falsely claimed to have been removed or arrested post-Pahalgam attack, whereas he had retired after four decades of to the psychological warfare, the Pakistani media and social platforms have floated alarms that India was planning a military strike within 24-36 hours of the Pahalgam attack. Indian officials have dismissed these as panic propaganda designed to paint India as the aggressor and distract from Pakistan's alleged role in cross-border multi-pronged offensive, combining cyber intrusions, psychological operations and disinformation, underscores a new phase in the India-Pakistan conflict. As physical borders bristle with tension, the virtual frontier is fast becoming the most volatile and unpredictable to India Today Magazineadvertisement
