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HG Infra Engineering gained more than 3% after it received an order worth ₹118 crore for an infrastructure project at the Naval Dockyard in Mumbai, Maharashtra.
The deets: the order was awarded by the Military Engineer Services (MES) and involves building an Integrated Material Handling Facility.
This essentially means setting up the infrastructure needed to efficiently store and move military supplies and equipment. The project will be completed over 30 months.
Why it matters: This is another defence-related infrastructure win for HG Infra, expanding its footprint in high-security, government-backed construction. It also signals the growing momentum around modernising India’s naval and logistics infrastructure.
Zoom out: India’s coastline and key shipping lanes stretch over 7,500 km passing through the Indian Ocean.
The country is investing heavily in port modernisation, naval dockyard upgrades, and logistics hubs. From the Sagarmala programme to private-sector defence infra contracts, the government is creating a maritime ecosystem that supports both commercial cargo and military readiness.
