HG Infra Engineering zooms on incorporating two wholly owned subsidiaries
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H.G. Infra Engineering is currently trading at Rs. 748.60, up by 17.65 points or 2.41% from its previous closing of Rs. 730.95 on the BSE.
The scrip opened at Rs. 764.00 and has touched a high and low of Rs. 769.10 and Rs. 722.05 respectively. So far 29029 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 784.30 on 18-Oct-2021 and a 52 week low of Rs. 150.80 on 26-Oct-2020.
Last one week high and low of the scrip stood at Rs. 784.30 and Rs. 669.00 respectively. The current market cap of the company is Rs. 4850.03 crore.
The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 16.96% and 8.51% respectively.
HG Infra Engineering has received the certificates of incorporation from the registrar of companies dated October 17, 2021 with respect to incorporation of two wholly owned subsidiary companies namely ‘H.G. Khammam Devarapalle PKG-1’ and ‘H.G. Khammam Devarapalle PKG-2’ on October 14, 2021, as Special Purpose Vehicles (SPVs’), to undertake the project the state of Telangana.
The company has incorporated ‘H.G. Khammam Devarapalle PKG-1’ for the 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 Chainage Km 0+000 to Km 33+604) under Inter Corridor Route under Bharatmala Pariyojana, on Hybrid Annuity mode in the state of Telangana (Package-l). The company has incorporated ‘H.G. Khammam Devarapalle PKG-2’ for construction of 4 lane Access Controlled New Greenfield Highway Section of NH-365BG (Khammam-Devarapalle) of- length 29.513 Km from Somavaram village to Chintagudem village (Design Ch. Km 33+604 to Km 63+117) under Inter Corridor Route under Bharatmala Pariyojana on Hybrid Annuity mode in the state of Telangana (Package- Il).
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.
