H.G. Infra inches up on bagging two HAM projects from NHAI
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H.G. Infra Engineering is currently trading at Rs. 736.00, up by 5.05 points or 0.69% 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. 736.00 respectively. So far 8257 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. 4763.68 crore.
The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 16.96% and 8.51% respectively.
H.G. Infra Engineering has been declared as L-1 bidder by National Highways Authority of India (NHAI) for two HAM projects. The first project is for development of Six Lane Kaliagura - Baunsaguar Section of NH-130-CD Road from km 249+000 to km 293+000 under Raipur-Visakhapatnam Economics Corridor in the state of Odisha on Hybrid Annuity Mode (Package - OD-5) (Length 44.000 km). The NHAI bid project cost is Rs 1338.27 crore and HGINFRA's bid project cost is Rs 1,492.11 crore.
Another project is for development of Six Lane Baunsaguar - Baraja Section of NH-130 CD Road from km 293.000 to km 338.500 under RaipurVisakhapatnam Economics Corridor in the state of Odisha on HAM (Package OD-6). The NHAI bid project cost is Rs 958.98 crore and HGINFRA's bid project cost is Rs. 1,123.11 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.
