HG Infra Engineering surges on receiving LoA from Adani Road Transport
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HG Infra Engineering is currently trading at Rs. 580.75, up by 18.15 points or 3.23% from its previous closing of Rs. 562.60 on the BSE.
The scrip opened at Rs. 563.95 and has touched a high and low of Rs. 593.45 and Rs. 563.95 respectively. So far 19675 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. 357.90 on 24-Jun-2021.
Last one week high and low of the scrip stood at Rs. 593.45 and Rs. 560.35 respectively. The current market cap of the company is Rs. 3784.81 crore.
The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 14.81% and 10.66% respectively.
HG Infra Engineering has received the Letter of Award (LoA) dated June 06, 2022 from Adani Road Transport for the project of Execution of Civil & Associated works on Engineering Procurement & Construction (EPC) basis for Development of an Access- Controlled Six lane (Expandable to Eight lane) Greenfield ‘Ganga Expressway’ [Group-II, from km 137+600 (Village: Nagla Barah District Budan) to km: 289+300 (Village: Ubariya Khurd, District Hardoi), Design Length = 151.700 Km] in the State of Uttar Pradesh on DBFOT (Toll) basis under PPP.
The contract price is Rs 4970.99 crore and the Completion Period is 820 Days from the appointed date to be declared by the Authority (i.e. Uttar Pradesh Expressways Industrial Development Authority).
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.
