HG Infra Engineering moves up as its arm gets financial closure for Telangana project
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H.G. Infra Engineering is currently trading at Rs. 577.75, up by 10.50 points or 1.85% from its previous closing of Rs. 567.25 on the BSE.
The scrip opened at Rs. 582.60 and has touched a high and low of Rs. 582.60 and Rs. 576.80 respectively. So far 1450 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 830.80 on 27-Oct-2021 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. 616.65 and Rs. 563.95 respectively. The current market cap of the company is Rs. 3778.62 crore.
The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 14.74% and 10.73% respectively.
HG Infra Engineering’s wholly owned subsidiary -- HG Khammam Devarapalle Pkg-1 has received financial closure for Greenfield highway project in Telangana, from National Highways Authority of India (NHAI). The project is for construction of 4 lane Access Controlled New Greenfield Highway Section of NH-365BG (Khammam- Devarapalle) of length 33.604 Km from Thallampadu Village to Somavaram Village (Design Ch. Km 0+000 to Km 33+l504) under Inter Corridor Route under Bharatmala Pariyojana, on Hybrid Annuity mode in the state of Telangana (Package-1). The company's bid project cost is Rs 772.11 crore.
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.
