HG Infra Engineering shines on getting LoA from NHAI for hybrid annuity mode project in Haryana

H.G. Infra Engineering is currently trading at Rs. 619.35, up by 43.80 points or 7.61% from its previous closing of Rs. 575.55 on the BSE.

H.G. Infra Engineering
H.G. Infra Engineering

The scrip opened at Rs. 608.80 and has touched a high and low of Rs. 624.00 and Rs. 596.85 respectively. So far 77958 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 684.80 on 08-Feb-2022 and a 52 week low of Rs. 481.00 on 28-Jan-2022.

Last one week high and low of the scrip stood at Rs. 624.00 and Rs. 538.50 respectively. The current market cap of the company is Rs. 4052.99 crore.

The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 14.48% and 10.99% respectively.

HG Infra Engineering has received the Letter of Award (LOA) on December 29, 2022 from National Highways Authority of India (NHAI) for the project ‘Construction of 6-Lane Greenfield Karnal Ring Road starting from NH-44 near Village Shamgarh (Design km 0+000) and terminating at Karnal -Munak Road (MDR- 115) near Village Samalakha (Design km 34+500) under Bharatmala Pariyojana in the state of Haryana on Hybrid Annuity Mode (HAM).

The company’s bid project cost is Rs 997.11 crore and the construction period is 730 days.

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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