Infra stock hits upper circuit after securing ₹142 Cr Highway Project in Gujarat

The shares of a Microcap Infrastructure Developer hit 2% upper circuit on Monday’s trade after it bagged Highway Project worth Rs 142 Crores from NHAI for strengthening and maintenance works on the Jetpur-Somnath section in Gujarat.
Share Price Movement
The shares of K2 Infragen Ltd, with a market capitalization of Rs 173.82 Crores as of Monday, closed at Rs 137.75 per share, hitting a 2% upper circuit from its previous close of Rs 135.
Order Details
As per a press release dated 3rd February 2025, K2 Infragen Limited, one of the fastest-growing players in India’s infrastructure and EPC sectors, has secured a road project contract worth Rs. 142.14 Crores for the strengthening and maintenance works on the Jetpur-Somnath section (excluding Junagarh Bypass) in the state of Gujarat, under a Performance-Based Maintenance Contract (PMBC).
The contract was awarded by NHAI to SRM Contractors Ltd. and will be executed by K2 Infragen Ltd. With this addition, the company’s total order book under execution now stands at INR 550 Crores.
Management Commentary
Mr. Pankaj Sharma, Managing Director of K2 Infragen, expressed pride in securing the company’s largest single order in the Roads & Transport infrastructure sector. While the project is scheduled for completion by September 2026, the majority of the construction is expected to be finished within the year.
The company continues to win significant NHAI contracts and is expanding into Transmission & Distribution (T&D) and Railways. The company is also exploring opportunities in the solar EPC sector and is in discussions with financial institutions to increase its credit limits.
Previous Order this year
Earlier this year, K2 Infragen Limited bagged an order of Rs 48.34 Crores for the strengthening of the existing two-lane road in the state of Uttar Pradesh on EPC MODE. The contract was awarded by NHAI.
Financials
Revenue from Operations declined by 13%, from Rs 59 Crores in H1FY24 to Rs 51 Crores in H1FY25. Net Profits declined by 28%, from Rs 6 Crores to 4.3 Crores over the same period.


About K2 Infragen Ltd
Founded in 2015, K2 Infragen specializes in power and project engineering, delivering large-scale projects across eight Indian states. The company serves diverse clients like North Western Railways, Hindustan Copper, TATA, HG Infra, GR Infra, and L&T, focusing on quality and timely execution. K2 Infragen offers comprehensive EPC services and tailored power engineering solutions for the energy sector.
Written By Adhvaitha Nayani
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