H.G. Infra Engineering jumps on emerging as L-1 bidder by East Central Railway
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H.G. Infra Engineering is currently trading at Rs. 898.40, up by 19.00 points or 2.16% from its previous closing of Rs. 879.40 on the BSE.
The scrip opened at Rs. 917.95 and has touched a high and low of Rs. 921.40 and Rs. 887.75 respectively. So far 9381 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1016.75 on 06-Sep-2023 and a 52 week low of Rs. 716.65 on 01-Mar-2023.
Last one week high and low of the scrip stood at Rs. 921.40 and Rs. 871.35 respectively. The current market cap of the company is Rs. 5877.13 crore.
The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 14.00% and 11.47% respectively.
HG Infra Engineering has been declared as L-1 bidder by East Central Railway for the project ‘Construction of double line track (3rd & 4th line) formation including earth work, blanketing, minor bridges, major bridges, electrification works and other miscellaneous works for 32.5 T axle load including Electrical TRD (2x25 KV) in Gaya-Son Nagar section (in between DFCC CH:225.300 (IR CH:475.200) to DFCC CH:292.175 (IR CH:542.075)) in DDU Division of East Central Railway in the state of Bihar. The company's bid project cost is Rs 709.11 crore and the construction period is 36 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.
