HG Infra emerges lowest bidder for Rs. 565 crore project

The company was declared L1 bidder NHAI for a section of National Highway (NH-11) project worth Rs. 564.98 crore in Haryana. 

National Highways Authority of India in the state of Haryana has announced HG Infra as the L1 bidder for a new Hybrid Annuity mode (HAM) project at the Rewari- Ateli Mandi section of NH-11. The net present value (NPV) of the project is approximately Rs. 564.98 crore including Rs. 580.00 crore for construction cost and Rs. 6 crore per annum for O&M.

The work includes upgradation of four lane of Rewari-Ateli Mandi section from 11.780 kilometer at Rewari to 43.445 kilometer near Ateli Mandi, for a length 30.45 km as feeder route. The construction period for the project is 2 years, while the operation period is 15 years. 

On Thursday, the stock of H.G. Infra Engineering opened at Rs. 207 per share and hit an intraday high of Rs. 211 per share and an intraday low of Rs. 201.70 per share. The stock closed at Rs. 205.75 per share, down by 0.12 per cent. While the benchmark index BSE Sensex was at 36,106.50, down by 106.41 points or 0.29 per cent.