H.G. Infra Engineering soars on incorporating wholly owned subsidiary
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H.G. Infra Engineering is currently trading at Rs. 877.80, up by 6.85 points or 0.79% from its previous closing of Rs. 870.95 on the BSE.
The scrip opened at Rs. 870.00 and has touched a high and low of Rs. 891.55 and Rs. 865.75 respectively. So far 4864 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 912.85 on 20-Apr-2023 and a 52 week low of Rs. 508.55 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 911.15 and Rs. 848.00 respectively. The current market cap of the company is Rs. 5731.15 crore.
The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 15.35% and 10.12% respectively.
H.G. Infra Engineering has received the certificate of incorporation dated April 27, 2023 from the Registrar of Companies (RoC) with respect to incorporation of the wholly owned subsidiary company namely ‘H.G. Varanasi-Kolkata PKG-10 Highway’ a Special Purpose Vehicle (SPV), to undertake the project of Construction of 6lane Greenfield Varanasi Ranchi Kolkata Highway from Deoria village to Donoreshan village from km 253.000 to km 288.600 under Bharatmala Pariyojana in the State of Jharkhand on HAM (PKG 10) awarded by National Highways Authority of India (NHAI).
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.
