HG Infra Engineering trades higher on receiving Letter of Acceptance from DMRC
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H.G. Infra Engineering is currently trading at Rs. 671.20, up by 4.05 points or 0.61% from its previous closing of Rs. 667.15 on the BSE.
The scrip opened at Rs. 679.80 and has touched a high and low of Rs. 679.80 and Rs. 668.60 respectively. So far 4729 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 714.25 on 09-Jan-2023 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. 714.25 and Rs. 661.85 respectively. The current market cap of the company is Rs. 4369.72 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 Acceptance dated January 13, 2023 from Delhi Metro Rail Corporation (DMRC) for the project ‘Contract DC-01A: Part Design and Construction of Elevated Viaduct and four Elevated Stations viz. Keshopur, Paschim Vihar, Peeragarhi & Mangolpuri (Excluding Architectural Finishing works of stations, Steel FOB & PEB works of stations) from P2 (excl.) to PP88 (excl.) [Chainage 3118.108 mt. to 6080.447 mt.] and from P103 (excl.) to Mangolpuri Station (incl.) [Chainage 6462.547 mt. to 7012.051 mt.] of Janakpuri West to R.K. Ashram Corridor (Extn. of Line-8) of Phase- IV of Delhi MRTS. The company's bid project cost is Rs 412.11 crore and the construction period is 24 months.
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.
