HG Infra Engineering trades with traction on getting LoA from MORTH
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H.G. Infra Engineering is currently trading at Rs. 1511.40, up by 55.10 points or 3.78% from its previous closing of Rs. 1456.30 on the BSE.
The scrip opened at Rs. 1539.55 and has touched a high and low of Rs. 1539.55 and Rs. 1508.15 respectively. So far 11891 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1880.00 on 16-Jul-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. 1539.55 and Rs. 1443.25 respectively. The current market cap of the company is Rs. 9490.87 crore.
The promoters holding in the company stood at 71.78%, while Institutions and Non-Institutions held 15.30% and 12.92% respectively.
HG Infra Engineering has received the letter of acceptance (LoA) from Ministry of Road Transport and Highways (MORTH) for the project of improvement and up-gradation in two lane with paved shoulders configuration of newly declared NH227B Bahuvan Madar Majha to Jagarnathpur (Design Km 160.200 to Km 224.040) 84 Kosi Parikrama Marg in the State of Uttar Pradesh on Hybrid Annuity Mode Package VI. The bid project cost is Rs 763.11 crore and the construction period is 2 years.
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.
