HG Infra jumps 9 per cent on receiving LoA from NHAI for road project in Delhi

The project is in regard to the development of a 6-lane urban extension road (UER) – 2 –NH344 M, package 1 (From NH 1 to Karala-Kanjhawala road, km - 0+700to15+000) in the state of Delhi on an EPC mode. The estimated project cost is Rs 1,646.57 crore. HG Infra’s bid project cost is Rs 1,393.11 crore while the completion period stands at 2 years.

HG Infra received a letter of acceptance (LoA) dated July 23, 2021 from National Highways Authority of India (NHAI) for a 15.7 km road project in Delhi. 

The project is in regard to the development of a 6-lane urban extension road (UER) – 2 –NH344 M, package 1 (From NH 1 to Karala-Kanjhawala road, km - 0+700to15+000) in the state of Delhi on an EPC mode. The estimated project cost is Rs 1,646.57 crore. HG Infra’s bid project cost is Rs 1,393.11 crore while the completion period stands at 2 years.   

Meanwhile, the share price of HG Infra touched a high of Rs 522 on BSE, in the early hours of trade on July 26, 2021 (Monday). 

The company began its journey in 2003 as HG Infra Engineering Limited (HGIEL) (erstwhile known as HG Infra Engineering Pvt Ltd), an infrastructure company promoted by Hodal Singh, a stalwart with 40 years of experience in the construction sector. Today, with Harendra Singh Choudhary at the wheel, HGIEL has evolved into a leading Indian road infrastructure development company, with a presence in seven states, namely Rajasthan, Haryana, Uttar Pradesh, Arunachal Pradesh, Maharashtra, Uttarakhand and Telangana. 

HG Infra is engaged in the business of engineering, procurement & construction (EPC), maintenance of roads, bridges, flyovers and other infrastructure contract works. 

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