Hiliks Technologies has secured a ₹95 crore order from KMC Constructions for railway signalling and telecommunication works in Telangana, according to livemint.com. The project is scheduled for completion within 24 months, increasing Hiliks' total order book to ₹165 crore. The announcement is expected to impact the company's shares on June 19.
The order was awarded by KMC Constructions, a key player in infrastructure development. This latest contract adds significantly to Hiliks Technologies’ existing portfolio, which now stands at ₹165 crore. The company’s shares have rebounded strongly in recent months, rising from ₹39.30 to around ₹54, a 37.4% gain, reflecting investor confidence in its growth prospects, as reported by livemint.com.
This contract highlights the growing demand for railway signalling and telecommunication infrastructure in India, a sector attracting substantial investment. Hiliks Technologies’ expanding order book positions it among notable players benefiting from infrastructure development. Comparable deals in the sector have also contributed to increased investor interest, underscoring the importance of such contracts in driving company valuations.
Hiliks Technologies’ project completion timeline is set for 24 months, with the company’s shares expected to be in focus on June 19. The ₹95 crore order from KMC Constructions marks a significant milestone in the company’s growth trajectory, as detailed by livemint.com.