HGINFRA

### ORDER BOOK **

** – HG Infra Engineering has emerged as the **L1 (lowest) bidder** for a **₹241 crore project** awarded by the **Government of Rajasthan**. Once the contract is formally awarded, it will strengthen the company's order book, improve revenue visibility, and support long-term execution growth. *(Positive)* ** ** – SEPC Limited has received a **termination notice** for its **₹521.46 crore EPC subcontract** with **Shalimar Corp Limited**. The company has referred the matter to **arbitration**, creating uncertainty over project execution and future revenues. *(Negative)*