HEC Infra Projects

What HEC Infra Projects does

HEC Infra Projects Limited is an Ahmedabad-based, publicly listed EPC (Engineering, Procurement and Construction) contractor specializing in electro-mechanical and instrumentation projects. Founded on October 6, 2005 and listed on NSE/BSE in March 2016, the company executes high-voltage and low-voltage power installations up to 220KV, Extra Low Voltage (ELV) system integrations including Building Management Systems, water management systems with centralized SCADA, and turnkey solar PV EPC for medium and large-scale grid-connected plants. It operates in-house manufacturing of pumps, motors, HT/LT panels, and Current & Potential Transformers, providing vertical integration over critical components. Revenue is generated almost entirely through fixed-price, project-based EPC contracts ranging from roughly Rs 3 crore to Rs 100+ crore, with no recurring or subscription component; customers are secured via direct tenders and relationships with government utilities (HVPNL, GETCO, DGVCL, RVNL, Power Grid), municipal bodies (Ahmedabad Municipal Corporation), and large enterprises (Adani Ports, Reliance, Hindalco, Tata Power Solar, Mother Dairy, Juniper Green Energy, Siemens Financial Services). FY2026 sales reached Rs 176.49 crore (+57.44% YoY) with net profit of Rs 12.60 crore, driven by execution of large transmission and rural electrification orders.

Name

HEC Infra Projects

Legal name

HEC Infra Projects Limited

Website

https://hecprojects.in

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

HEC Infra Projects is an Ahmedabad-based EPC contractor executing electro-mechanical and instrumentation projects for Indian government utilities, municipal bodies, and large industrial enterprises. Its capabilities span power installations up to 220KV, ELV and BMS integration, water management systems with SCADA, and turnkey solar PV EPC, supported by in-house manufacturing of panels, transformers, and motors.

Ownership category

akta.pro rank

Product category

Electro-Mechanical EPC Contracting

NAICS

Power and Communication Line and Related Structures Construction (237130), Heavy and Civil Engineering Construction (237), Utility System Construction (2371), Engineering Services (541330), Electrical Equipment Manufacturing (3353)

SIC

Electrical Work (1731), Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Services-Engineering Services (8711), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Overhead Transmission Line EPC (HV/EHV) (EUAEABAA)

akta.pro secondary industries

Overhead Distribution Line Construction (MV/LV) (EUAEACAA), Distribution Substations & Switching Stations (MV) EPC (EUAEACAC), Overhead & Underground Collection System Construction (MV/HV Lines, Duct Banks) (EUAEADAG)

Keywords

• Electrical EPC services
• Power infrastructure contracting
• Substation construction services
• Solar PV EPC services
• Industrial electro-mechanical installation

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. EPC Project Contracts: The company generates revenue primarily through fixed-price, project-based EPC (Engineering, Procurement and Construction) contracts for electro-mechanical and instrumentation projects. Revenue is earned through direct project execution for government and private sector clients, with contracts ranging from Rs 3 crore to Rs 100+ crore in value. No recurring or subscription revenue model; income is earned per project completion.
2. Solar Rooftop and Power Plant EPC: Turnkey EPC services for solar rooftop and utility-scale grid-connected solar power plants, executed as discrete project contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

HEC Infra Projects Limited is an Ahmedabad-based EPC (Engineering, Procurement and Construction) contractor firm specializing in electro-mechanical and instrumentation projects. The company designs, supplies, installs, tests and commissions HT (High Tension) and LT (Low Tension) power infrastructure up to 220KV switchyards, substations, transmission lines and cable laying, alongside in-house manufactured water management equipment, solar PV EPC, and integrated ELV/Building Management Systems. All work is delivered as discrete, custom-priced project contracts to government utilities, public sector bodies, and heavy/light industrial customers across India.

Product overview

HEC Infra Projects is an Ahmedabad-based EPC (Engineering, Procurement and Construction) contractor specializing in Electro-Mechanical & Instrumentation projects. The company operates as a unified platform offering multiple interconnected services: Transmission & Substation Projects form the core infrastructure capability, supported by HT & LT Power Installation for power distribution. Water Management Systems and Solar Power Plants represent key verticals for utilities and renewable energy. ELV Systems (comprising Lighting, Networking, Fire Alarm, CCTV, Access Control, and PA Systems) integrate into Building Management Systems for comprehensive building automation. The company serves diverse industries including Steel, Chemical, Cement, Refineries, Petrochemicals, Gas & Oil, Textile, Pharmaceuticals, Power-generation plants, Ports, Commercial Centers, Banks, Malls, IT Parks, and SEZ. Services span from LV systems to 220KV switchyards.

Differentiator

Problem solved

Functional benefit

Products and services

• Transmission and Substation EPC Projects (up to 220KV) Engineering, Procurement and Construction services covering Designing, Supply, Installation and Testing & Commissioning of power transmission substations and switchyards up to 220KV capacity, including overhead transmission lines and cable laying, for government power utilities, industrial plants, and large commercial sites.
• HT and LT Power Installation Services High Tension and Low Tension power installation services for industrial, commercial and institutional facilities, including switchyards, overhead transmission lines, cable laying, and power distribution network setup, executed as turnkey EPC contracts.
• Water Management Systems with In-house Manufacturing End-to-end water management solutions including distribution networks, automated water pumping stations and wireless telemetry based centralized SCADA monitoring. Backed by in-house manufacturing of Pumps, Motors, HT Panels, LT Panels and Current & Potential Transformers for municipalities and industrial water utility clients.
• Solar Rooftop and Grid-Connected Solar Power Plant EPC Turnkey Engineering, Procurement and Construction services for rooftop and ground-mounted grid-connected solar PV power plants of medium to large scale, covering design, procurement, installation and commissioning for renewable energy developers (e.g., Juniper Green Energy, Tata Power Solar), industrial and commercial solar adopters.
• Extra Low Voltage (ELV) Systems Integration Integrated Extra Low Voltage systems including lighting installation, computer networking, fire alarm system, door access control, CCTV control, PA system, and Building Management Systems (BMS) for hotels, offices, malls, banks, software parks and industrial facilities.
• Smart Lighting Systems Complete indoor and outdoor smart lighting solutions for industries, building projects, airports and other infrastructure, including design layout and power distribution services with smart lighting management for hotels and offices.

Quantifiable outcome

• Revenue grew 57.44% year-on-year to Rs 176.49 crore in FY2026, with net profit growth of 36.36% to Rs 12.60 crore
• +1 more outcomes

Named customers17 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and notable.

• Advait Energy Transitions Ltd.coreStrategic or Co-development Partner · 1 March 2026HEC Infra Projects entered into a joint venture with Advait Energy Transitions to secure and execute a Rs 100 crore order from Dakshin Gujarat Vij Company (DGVCL) for supplying and installing medium voltage conductors and accessories under Gujarat's Kisan Suryodaya Yojana initiative. The project aims to improve rural power infrastructure and is scheduled for completion in 18 months.
• Siemens Financial Services Private LimitednotableGTM or Marketing PartnerHEC Infra received a work order worth Rs 36.50 crore from Siemens Financial Services Private Limited, indicating a project execution relationship where HEC serves as the EPC contractor delivering electro-mechanical services funded or facilitated by Siemens Financial Services.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Power Mech Projects Limited: Indian listed EPC contractor with similar scale, also headquartered in India's south/central region, focused on electro-mechanical erection, commissioning, and power-sector EPC. Highly comparable given overlapping scope in substations, boilers, turbines, and balance-of-plant work for thermal and renewable projects.
• Transrail Lighting Limited: Indian EPC contractor specializing in power transmission, distribution, and substation projects alongside monopole/lighting-structure manufacturing. Closely comparable on T&D EPC scope, with similar size profile to HEC and overlapping private/government client mix.

Broad incumbents

• KEC International Limited: One of India's largest power T&D EPC firms (RPG Group), executing transmission lines, substations, and cable systems. Directly competes with HEC on HV transmission and substation tenders but operates at significantly larger scale and broader geographic footprint.
• Kalpataru Projects International Limited: Diversified Indian EPC firm with a sizable power T&D and transmission business alongside oil & gas, railways, and water. Comparable on transmission-line and substation EPC, but with a much larger portfolio and balance sheet than HEC.
• Tata Projects Limited: Tata Group's EPC arm executing large transmission, substation, and infrastructure projects across India. Competes with HEC on government power-utility tenders but at significantly larger scale and with stronger balance-sheet capacity.
• Skipper Limited: Indian firm with power T&D EPC and tower-manufacturing verticals; competes with HEC on transmission-line EPC plus also manufactures structural components. Larger and more vertically integrated into tower fabrication than HEC.
• Larsen & Toubro (L&T) Construction: India's largest engineering and construction conglomerate, executing power transmission, substations, and industrial electrification at massive scale. Overlaps with HEC on HV substation and transmission EPC but operates with vastly greater resources and broader infrastructure scope.
• Apar Industries Limited: Indian manufacturer of conductors, transformers, and cables serving the power T&D value chain. Comparable to HEC's in-house transformer and HT/LT panel manufacturing capability, but operates primarily as an equipment OEM rather than turnkey EPC contractor.

Emerging players

• BGR Energy Systems Limited: Indian EPC firm executing power plant electrical systems (switchyards, transformers, BoP) and electrical BOP for industrial and utility clients. Overlaps with HEC on power-plant electrical EPC scope at a comparable-to-larger scale.
• Gensol Engineering Limited: Listed Indian solar EPC firm providing turnkey solar PV plant execution — directly comparable to HEC's Solar Rooftop and Power Plant EPC business. Comparable on renewable EPC business model, with a more focused solar-only scope than HEC's diversified portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ltd_hec

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HEC Infra Projects