H.G. Infra Engineering trades with traction on incorporating wholly owned subsidiary
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H.G. Infra Engineering is currently trading at Rs. 1087.85, up by 16.80 points or 1.57% from its previous closing of Rs. 1071.05 on the BSE.
The scrip opened at Rs. 1082.80 and has touched a high and low of Rs. 1109.30 and Rs. 1079.60 respectively. So far 17701 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1123.05 on 8-Apr-2024 and a 52 week low of Rs. 806.00 on 27-Dec-2023.
Last one week high and low of the scrip stood at Rs. 1123.05 and Rs. 991.35 respectively. The current market cap of the company is Rs. 7052.49 crore.
The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 14.00% and 11.47% respectively.
H.G. Infra Engineering has incorporated a wholly owned subsidiary (WOS) company namely ‘H.G. Chennai-Tirupati (II) Highway’ a Special Purpose Vehicle (SPV) on April 08, 2024 to undertake project awarded by National Highways Authority of India (NHAI)
The project is for Access Controlled Highway of 4 Lane with Paved Shoulders from TN/AP Border (Design Chainage km 61+51) to Puttur (Design Chainage Km 81+540) of NH-716 & 6 Lane with Paved Shoulders from Mallavaram (Design Chainage Km 97+100) to Renigunta (Design Chainage Km 114+500) of NH-71 in the state of Andhra Pradesh on Hybrid Annuity Mode under NH(O) (Chennai-Tirupati Package-II). The project cost is Rs 862.11 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.
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