HG Infra Engineering surges as its arm receives completion certificate for Haryana project
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HG Infra Engineering is currently trading at Rs. 633.50, up by 14.25 points or 2.30% from its previous closing of Rs. 619.25 on the BSE.
The scrip opened at Rs. 630.00 and has touched a high and low of Rs. 645.00 and Rs. 622.00 respectively. So far 21373 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. 645.00 and Rs. 599.85 respectively. The current market cap of the company is Rs. 4164.43 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 -- H.G. Ateli Narnaul Highway has received the completion certificate for the project ‘Construction of proposed Narnaul Bypass (Design Length 24.00 km) & Ateli Mandi to Narnaul section of NH-11 from Km 43.445 to km 56.900 (Design Length 14.00 kin) as an economic corridor-feeder route Pkg-II in the State of Haryana on Hybrid Annuity Mode’. The completion certificate has been issued by the Independent Engineer and the project has been declared fit for entry into commercial operation on March 11, 2022. The company's bid project cost is Rs 952.11 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.
