H.G. Infra gains on project

H.G. Infra has been declared as the L-1 bidder by National Highways Authority of India (NHAI) for Rewari bypass (NH-11) in Haryana. Reacting to the announcement, the stock of the company gained by nearly 3 per cent.

The announced project is for the construction of the proposed Rewari bypass (NH-11) as feeder route in Rewari district in the state of Haryana with a design length of 14.40 km on the basis of hybrid annuity mode (HAM). The project is of approximately Rs 522.02 crore and the completion period for the project is 2 years.

H.G. Infra Engineering Limited is an infrastructure construction, development, and management company. The company is focused on developing road projects, including highways, bridges, and flyovers. Its main business operations include providing engineering, procurement, and construction (EPC) services on a fixed-sum turnkey basis and undertaking civil construction and related infrastructure projects on item rate and lump sum basis, primarily in the roads and highway sector.

On Thursday, the stock of the company closed at Rs 243.35, up by 2.9 per cent or Rs. 6.85 per share. The intraday high is Rs 247 and intraday low is Rs 238.45. The 52-week high is Rs 307 and 52-week low is Rs 172.7 on BSE.