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Business Standard
23-07-2025
- Politics
- Business Standard
President Murmu urges MES officers to adopt green tech, build smart
As emerging leaders in the field of military construction, young Military Engineer Services (MES) officers have a crucial responsibility "not only to build but to build with responsibility", President Droupadi Murmu said on Wednesday. The MES plays a vital role in strengthening the operational readiness of the country's armed forces, she said. "By providing comprehensive engineering support, MES ensures that our troops are equipped with world-class infrastructure and facilities, enabling them to remain mission-ready under all conditions," Murmu said, addressing a group of MES probationers, who had called on her at the Rashtrapati Bhavan here. Murmu further called on the officers to focus on adopting renewable energy sources to promote sustainable development and reduce the carbon footprint of defence infrastructure. The President noted that MES is actively promoting the use of indigenous materials and technologies under the Make in India initiative, aligned with the national vision of Atmanirbhar Bharat. "This supports local industries and also strengthens the domestic defence ecosystem. MES must also become a pioneer in technological innovation. Integrating advanced tools such as Building Information Modelling (BIM), drone surveillance, and the use of Artificial Intelligence and Machine Learning for predictive maintenance and project planning will enhance precision and effectiveness," Murmu said. Addressing the probationers of Indian Defence Estates Service officers, who had also called on the President, she said the integration of digital solutions is a necessity in this era of rapid technological transformation. "It is your duty to stay abreast of the technological advancements and apply them in your functioning. Artificial Intelligence, drone-based land surveys, satellite imagery, and blockchain for property record maintenance are no longer futuristic concepts; they are becoming part of governance," the President said. Murmu asked them to embrace green practices in infrastructure development, adopt renewable energy solutions, reduce wastage, and ensure water conservation in cantonments. "By combining technical expertise with innovation, you have the opportunity to make the Defence Estates a model of sustainable and smart urban management. But by far the most important element for your job is a sense of service," she said. A group of probationers of the Central Water Engineering Service also met the President. "Water resources management has always been a challenging task. Your contribution towards water infrastructure development by providing engineering solutions will make the country more resilient against natural and man-made water crises," she said. The sustainable development of water resources and efficient management of water is key to water security and growth, especially in the wake of changing climatic trends, Murmu stated. "Therefore, you are expected to play a key role in adopting a holistic approach to address the existing and upcoming challenges," she added. The President highlighted that by providing clean water and promoting water conservation, India can improve public health, boost agricultural productivity, and ensure sustainable use of natural resources. Effective water management can play a significant role in securing a resilient future for generations to come, she noted. "I am confident that you will always uphold the highest ideals of public service and work tirelessly to build a stronger, inclusive, and more prosperous India. I wish you all a bright future," the President stated. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
24-06-2025
- 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
24-06-2025
- 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
24-06-2025
- 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.
