Thursday , October 28 2021

HG Infra Engineering gains on getting LoA from Adani Road Transport worth Rs 950.79 crore

HG Infra Engineering is currently trading at Rs. 201.50, up by 1.75 points or 0.88% from its previous closing of Rs. 199.75 on the BSE.

The scrip opened at Rs. 206.00 and has touched a high and low of Rs. 206.00 and Rs. 201.50 respectively.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 307.00 on 31-May-2019 and a 52 week low of Rs. 170.20 on 29-Oct-2018.

Last one week high and low of the scrip stood at Rs. 207.75 and Rs. 193.00 respectively. The current market cap of the company is Rs. 1315.15 crore.

The promoters holding in the company stood at 73.90%, while Institutions and Non-Institutions held 20.02% and 6.08% respectively.

HG Infra Engineering has received a Letter of award (LoA) from Adani Road Transport worth Rs 950.79 crore for execution of Road Works, Civil & other associated works on Engineering, procurement and Construction (EPC) basis for four laning of NH-363 from Mancherial (Design Km. 0.000/Existing Km 251.900) to Repallewada (Design Km.42.000/Existing Km.288.510) (Design Length=42.000 Km) in the state of Telangana.

HG Infra Engineering is an infrastructure construction, development and management company with extensive experience in its focus area of road projects, including highways, bridges and flyovers.

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