HG Infra Engineering gets LoA for NHAI project; stock trades positively

The stock of HG Infra Engineering was trading up by 3 per cent on Friday after the company announced that it was the recipient of a letter of award (LOA) for an NHAI project worth Rs 1,258.11 crore in Rajasthan, India.

The above-mentioned project pertains to the construction of an eight-lane carriageway starting from the Junction with MDR-1 to the end of the interchange on NH-552 for a total project length of 45.64 km. The total duration of the said project is 2 years, the company stated in its filing to BSE.

HG Infra Engineering is an infrastructure construction, development & management company that provides engineering, procurement & construction (EPC) services on a fixed-sum turnkey basis as well as undertakes civil construction projects primarily in the roads and highway sector.

At the time of market closing, the stock of HG Infra Engineering was trading at Rs 235.50, up by 1.79 per cent or Rs 4.15 per share on BSE. Its 52-week high is Rs 294.95 while the 52-week low is Rs 135.00 on BSE.